Delusions of Competence: The Near-Death of Lloyd’s of London 1970--2002 - Palgrave Studies in Economic History 1st ed. 2022 edition

This book examines the crisis at the famous insurance market, Lloyd's of London, during the late twentieth century, which nearly destroyed the 300-year-old institution. While rapid structural change resulting from system collapse is less common in insurance than in the history of other financial services, one exception was the Lloyd’s crisis.