Business: Lloyd's

For many years, the insurance business in New York State has been increasingly regulated by the state. Ever since the famed insurance investigation of 1906, during which Charles E. Hughes established his reputation in public life, the statutory control has been searching and severe. U. S. insurance companies have been supervised, not only in the kinds of insurance they offered and their methods in so doing, but also in the kind of investments they could hold.

Meanwhile, the old firm of Lloyd's in London has done a very large business in the U. S. Lloyd's, world-famous for its marine insurance facilities, has...

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