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Observations Upon The Report Of The Committee On Marine Insurance - Softcover

Joseph Marryat

 
9780461335798: Observations Upon The Report Of The Committee On Marine Insurance

Synopsis

Observations Upon The Report Of The Committee On Marine Insurance: With A Few Incidental Remarks On A Pamphlet Lately Published, Entitled "A Letter To Jasper Vaux, ESQ." by Joseph Marryat. This polemical pamphlet, published in 1810, critiques the House of Commons Committee's report on marine insurance, arguing that the proposed reforms would undermine established safeguards. It contends the Committee relied on flawed or selective evidence, exaggerating the scale of insurable property and mischaracterizing the current system's strength. Marryat defends Lloyd's and the two chartered companies, cautions against creating a new marine insurance company, and warns that repealing the George I restrictions would invite monopolies and mercantile instability. The appended Copied Report, labeled as an amendment, elaborates the objections and presents a comparative survey of domestic and foreign insurance practices, illustrating the dangers of unrestricted competition. The text is a sustained defense of individual underwriting and a critique of state-led reform, rooted in political economy and 18th- and early-19th-century mercantile experience.

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