Do you know insurance (保险) Buying insurance is a means by which people can protect themselves 1 large losses. Protection against fire is one kind of insurance. Large numbers of people pay 2 sums of money to an insurance company. Although thousands of people have paid for fire insurance, only 3 will lose their homes by fire. The insurance company will pay for these homes out of the sums of money it has collected.
The first modern fire insurance company was 4 in London, England, in 1666. A great fire had just 5 most of the city, and people wanted to protect against 6 losses. The fire company grew rapidly. Soon, other companies were founded in other areas.
Benjamin Franklin helped form the first fire insurance company in America in 1752. He also 7 a new kind of insurance for farmers. The new insurance would offer protection against the loss of crops by storm.
In 1759, Benjamin Franklin helped start 8 new insurance. This company, which offered life insurance, collected some money regularly from different men. Although a man died, his family was given a large sum of money. Today, this company is still in business.
Over the years, people have 9 from many new kinds of insurance when they have suffered from such accidents as car, plane crashes. Tomorrow, almost everyone has 10 kind of insurance.