Based on the been a big the problems faced of disciplined underwriters.
During the same period the assumption of the Venetian and Roman debts, losses on the issue of loans and the accumulation of annual deficits, had caused public indebtedness to rise from 92,000,000 to 328,000,000, no less than f 100,000,000 of the latter sum having been sacrificed in premiums and commissions to bankers and underwriters of loans.
This body controls the exchange and appoints brokers, shipping agents and underwriters.
The claim was against underwriters on a ship which had been so damaged that the cost of repairs had exceeded her insured value.
He had insured the cargo but not the ship. The cargo underwriters were held liable to pay a contribution to damage done to the ship by cutting away masts for the general safety.
