The Jervis Blog
The Jervis Blog
Jervis Insurance History Blog: Old Lloyd’s Building
The first Lloyd's building at 12 Leadenhall Street had been built on this site in 1928. In 1958, due to a significant expansion of the market, a new building was constructed across the road at 51 Lime Street (now the site of the Willis Building. Lloyd's now occupied...
Jervis Insurance History Blog: Origins of the Warsaw Convention
On 17 August 1923, it was first the French government that proposed the convening of a diplomatic conference for the purpose of concluding a convention relating to liability in international carriage by air. The conference was formally deferred on two occasions due...
Jervis Blog: Renewable Energy: Wind Power – A lesson in having proper foundations
There have been reported continuing issues of foundation failure on wind turbines. This issue was given some focus in Højgaard A/S v E.On Climate & Renewables UK Robin Rigg East Limited and another [2017] UKSC 59, where a miscalculation in the strength of the...
Jervis History Blog: Era of Containerisation; First Container Ship: Ideal X
On April 26th 1956, the Ideal-X left the Port of Newark, New Jersey to the Port Houston, Texas. It carried 58 35-feet (8 feet wide by 8 feet high) containers along with bulk cargo. The 35 feet unit represented at that time the standard truck size in the United States....
Jervis Insurance History Blog: Lloyd’s Register; The Early Days
In 1786 the Society for the Registry of Shipping moved from Lloyd’s Coffee House at No. 16 Lombard Street, to No. 4 Sun Court, Cornhill. By 1797 the Register Book had 215 subscribers and the Society was run by an organising committee of 11 members. In this year...
Jervis Blog: About Control of Well Insurance
Control of well insurance is a very specialized and unique insurance policy that is designed to cover all or some of the costs that are linked to regaining the control of an oil or gas well. This type of insurance also provides coverage for cleaning up any pollution...
Jervis Insurance History Blog: The London Market; The Early Days
When the Society for the Registry of Shipping, which was to become Lloyd’s Register, was founded in 1760, Samuel Saunders was the proprietor of the coffee house. After Saunders passed away, the reputation of the coffee house declined. Gambling and speculation was...
MARPOL: The 6 Foundation Stones
Jervis Insurance History Blog: The Story of Edward Lloyd Continues; Death and Evolution
Edward Lloyd dies in 1713. In his will he named his daughters Mary, Abigail, Elinor and Handy, and his third wife, Martha. A codicil to his will assigned the lease of his coffee house to his head waiter, William Newton who married Handy. When Handy died in...
Energy Insurance: Insuring Offshore Oil Platforms: Insurance Headings
Main Headings of Insurance: Insurance for material damage Loss of profit insurance indemnifies financial losses due to temporary interruption of gas or crude oil supply, following an accidental material damage to the platform. Well control insurance covers the cost...
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