Lokale organisasjoner uten en nasjonal overbygning: Brannkassene 1816–1914
Abstract This article analyses the establishment and successful diffusion of fire insurance mutuals in the Norwegian countryside between 1816 and World War I. Prior to the establishment of fire insurance mutuals, the only means of fire insurance of farm houses and farm outbuildings for N...
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| Main Author: | |
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| Format: | Article |
| Language: | Norwegian Bokmål |
| Published: |
Scandinavian University Press
2018-01-01
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| Series: | Heimen |
| Online Access: | https://www.idunn.no/heimen/2018/01/lokale_organisasjoner_uten_en_nasjonal_overbygning_brannka |
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| Summary: | Abstract
This article analyses the establishment and successful diffusion
of fire insurance mutuals in the Norwegian countryside between 1816
and World War I. Prior to the establishment of fire insurance mutuals,
the only means of fire insurance of farm houses and farm outbuildings
for Norwegian peasants and farmers was the state fire insurance
company, Norges Brannkasse. Although the Norwegian fire insurance
market was the most open in Europe, foreign insurance companies
restricted themselves to insurance of chattels and stocks. However,
their premiums were too expensive for peasants and farmers, who
developed local fire insurance mutuals based on apportioned liability.
They were mostly run by unpaid or symbolically remunerated elected
representatives creating small administrative costs. The fire insurance
mutuals also proved effective in coping with the challenges of moral
hazard and asymmetric information. Thus, fire damages were lower
than in Norges Brannkasse. From 1890s the fire insurance mutuals
insured larger values than Norges Brannkasse in the countryside.
Thus, the fire insurance mutuals played an important role in the
economic modernization of the countryside until World War I. |
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| ISSN: | 0017-9841 1894-3195 |