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Focusing on the historical development of marine insurance, the book traces its origins from Elizabeth I's England to the American legal framework. It highlights the establishment of the Chamber of Assurances in 1575 and the influence of English law on U.S. practices, particularly following the Marine Insurance Act 1906. The narrative examines the disruption of this legal unity caused by the 1955 Supreme Court decision in Wilburn Boat v. Fireman's Fund Insurance Co., discussing the ongoing controversies and potential solutions to restore uniformity in marine insurance law.
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Key Divergences Between English and American Law of Marine Insurance, Thomas J. Schoenbaum
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- Released
- 2009
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- (Hardcover)
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