New York Produce Exchange

             Agricultural commodities have been traded between places for millennia before modern commodity exchanges were founded. However, these exchanges brought many of the services required by merchants and traders under a single roof. In the 19th century, exchanges became larger, partly the result of improved communications and transportation infrastructure. Two American commodities exchanges formed in the

Pool Re and Terrorism Insurance

             Insurance companies have decades or even centuries of experience insuring against many perils, from storms to fires. But some risks are harder to insure against than others. Some perils occur too infrequently to have high confidence in any calculated probability of occurrence. Others can cause extremely extensive damage when they do occur. Still other perils