Monday, November 29, 2021

Pg. 99: Hannah Farber's "Underwriters of the United States"

Featured at the Page 99 Test: Underwriters of the United States: How Insurance Shaped the American Founding by Hannah Farber.

About the book, from the publisher:
Unassuming but formidable, American maritime insurers used their position at the pinnacle of global trade to shape the new nation. The international information they gathered and the capital they generated enabled them to play central roles in state building and economic development. During the Revolution, they helped the U.S. negotiate foreign loans, sell state debts, and establish a single national bank. Afterward, they increased their influence by lending money to the federal government and to its citizens. Even as federal and state governments began to encroach on their domain, maritime insurers adapted, preserving their autonomy and authority through extensive involvement in the formation of commercial law. Leveraging their claims to unmatched expertise, they operated free from government interference while simultaneously embedding themselves into the nation’s institutional fabric. By the early nineteenth century, insurers were no longer just risk assessors. They were nation builders and market makers.

Deeply and imaginatively researched, Underwriters of the United States uses marine insurers to reveal a startlingly original story of risk, money, and power in the founding era.
Learn more about Underwriters of the United States at the University of North Carolina Press website.

The Page 99 Test: Underwriters of the United States.

--Marshal Zeringue