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fme_884290 - INSURANCES Médaille, Société de secours mutuels, Union des ouvriers et employés de Fécamp

INSURANCES Médaille, Société de secours mutuels, Union des ouvriers et employés de Fécamp VF
20.00 €(Approx. 21.20$ | 16.60£)
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Type : Médaille, Société de secours mutuels, Union des ouvriers et employés de Fécamp
Date: 1885
Metal : bronze
Diameter : 36,5 mm
Orientation dies : 12 h.
Weight : 19,02 g.
Edge : lisse + corne BRONZE
Puncheon : corne BRONZE
Coments on the condition:
Patine marron hétérogène, présentant des taches noires et vertes d’oxydation. Présence de quelques concrétions. De l’usure sur les reliefs
Catalogue references :

Obverse


Obverse legend : (FLEUR) UNION DES OUVRIERS ET EMPLOYES DE FECAMP.
Obverse description : Blason posé sur une ancre.

Reverse


Reverse legend : SOCIETE DE SECOURS MUTUELS DE FECAMP // FONDEE EN 1885.
Reverse description : Légende circulaire et en 3 lignes dans une couronne de chêne et laurier.

Historical background


INSURANCES

Under the Old Regime, insurance was above all maritime. It is a contract by which an individual undertakes to repair the losses linked to a shipwreck, for a certain sum which is paid to him in advance.. Thus, for example, we see that in the 18th century, in Bordeaux, maritime insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. An order of 1681 leaves the greatest freedom in the relationship between insurers and insured, hence the multiplication of players on the market. Still in Bordeaux, we then see the intervention of Parisian, Dutch and English companies. . . Non-maritime insurance became popular late (middle of the 18th century). They most often offer a guarantee against fire. Example: the general insurance company obtained the privilege of Louis XV in 1753 for the guarantee of maritime trade and to insure houses against fire. In the 19th century, we witness the emergence of countless companies, often specialized in very specific sectors, which will allow the development of the economy by pooling risks.. They are complemented by mutual associations and mutual aid.

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