Civil commotion and riot insurance in fascist Europe, 1922 1941
AbstractInsurance for damage caused by public unrest became popular in post-1918 Central Europe and proved to be a profitable business, but one that became increasingly problematic because of the role of fascist regimes in promoting civil commotion. This article addresses some of the experiences of insurance companies, especially the Munich Reinsurance Company, when trying to manage policies covering political unrest and riot in Italy, Germany and Spain between 1922 and 1941. In the case of Italy in 1922, the new fascist regime forced the insurers to pay for damages caused by the Squadri. In Germany, the insurers were forced to assume a fictitious liability for damages done to the Jews in the Pogrom of November 1938. In Spain, Franco forced the insurance companies to treat Civil War damages as a civil commotion and make payouts despite their strenuous objections. These experiences demonstrated that civil commotion insurance was most safely marketed in democracies that provided enough unrest but also law and order to make it worthwhile.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal Financial History Review.
Volume (Year): 10 (2003)
Issue (Month): 02 (October)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_FHRProvider-Email:email@example.com
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.