Conduction. 1  Conduction is the transfer of thermal energy through direct contact between particles of a substance, without moving the particles to a new location. 2  Usually occurs in solids. 3  When heat is supplied to one end, molecules at that end start to move more quickly.
Episcopalian ministers organized a similar fund a decade later. (The first insurance company in the American colonies was formed before this, in Charleston, S.C., in 1735, but it offered only fire insurance at first. It didnât add life insurance until 1760.). (AP Photo/Lefteris Pitarakis).
The World's First Insurance Company. In 1666, the Great Fire of London nearly destroyed the city. Barry Klein explains how the first insurance companyâas well as the first fire brigadeâemerged from the ashes. The previous article in this series, A Historical Perspective on Insurance: The Great Fire of London, talked about the Great Fire of London, in late 1666, which left the city literally in smoldering ruins.