April 12, 2008at 6:09 pm
· Filed under Insurance
Why CT and MA have so many insurance companies
The modern insurance arose mostly connected to shipping and trade. In the United states it is not coincidence that the insurance capital is in Harford, CT also with a strong presence in Boston, MA. This is because the English ships bringing trade to the colonies at the time needed a place to be insured against lost at sea. Boston and New England in general where the first stop from England and a go between point for the other colonies. Therefore, insurance was a natural growth from this trade. It is further no coincidence that CT and MA are among the richest states in the USA, and has a lot to do with the Insurance industry.
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October 22, 2008at 6:07 am
Great work.