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  • Cited by 3
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    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Kingston, Christopher 2016. Marine Insurance.

    Kingston, C. 2014. Governance and institutional change in marine insurance, 1350-1850. European Review of Economic History, Vol. 18, Issue. 1, p. 1.

    Wright, Robert E. and Kingston, Christopher 2012. Corporate Insurers in Antebellum America. Business History Review, Vol. 86, Issue. 03, p. 447.


Marine Insurance in Philadelphia During the Quasi-War with France, 1795–1801

  • Christopher Kingston (a1)
  • DOI:
  • Published online: 01 March 2011

Until the 1790s marine insurance in the United States was organized by brokers and underwritten by private individuals. Beginning in 1792, however, the private underwriters had to compete with newly formed marine insurance corporations. Each organizational form had advantages and disadvantages. This article uses archival data from a private underwriter and a corporation to study how the competition between these different organizational forms was affected by a powerful exogenous shock which substantially increased the risks to American merchant shipping in the late 1790s: the “Quasi-War” between the United States and France.

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