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Article: Risky Business: An Insider's Account of the Disaster at Lloyd's of London.(Review)
- Article from:
- The Washington Monthly
- Article date:
- November 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 Washington Monthly Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Risky Business: An Insider's Account of the Disaster at Lloyd's of London
Martin Mayer and Elizabeth Luessenhop Simon & Schuster, $25
You may know Lloyd's of London as the venerable, old-line British insurance house where the employees wear red tailcoats with brass buttons and where policies are written on all sorts of oddball risks that no one else has the imagination to insure: Betty Grable's legs, Bob Feller's fastball, the Space Shuttle, offshore oil rigs, and the Dallas Cowboys. This is the quaint Lloyd's of commercial legend: the company that would insure anything, and make money on it; the company that, out of its own deep sense of honor and ...