Delusions of Competence. The near-death of Lloyd’s of London, 1970-2002
Details:
- Author(s) Pearson, Robin
- Publication type Monograph
- Year published 2022
- Pages 136pp; illus
- Publisher Springer International Publishing
- Place Published Cham
Topics:
- Name Business/Industry failure, decline, lack of success, etc: decline of businesses
- Name Crime & misdemeanour inc fraud, theft & sharp practice
Countries:
Library:
- Name British Library
- City London
- County Greater London
- Country England
- Postcode NW1 2DB
- Visit British Library's website
Groups:
Notes:
Scholarly account explaining the near collapse of the Lloyd's insurance market. Argues that multiple delusions of competence were at work other than the effects of catastrophic losses and poor governance. Chapters include: 'Lloyd’s - its history and business practices'; 'Lloyd’s people - their social composition and political economy'; 'Expansion, scandals and frauds - Lloyd’s in the 1970s'; 'The first reforms and public scrutiny'; 'The school for scandals'; 'Liability crisis, LMX spiral and collapse'; 'Reform, survival and recovery'; 'Conclusions - delusions of competence'; 'Epilogue - Lloyd’s redivivus'