[M‘Culloch states[711] that it is probable insurance was introduced into England some time about the beginning of the sixteenth century, for it is mentioned in the statute 43 Eliz. c. 12, in which its utility is very clearly set forth, that it had been an _immemorial usage_ among merchants, both English and foreign, when they made any great adventure, to procure insurance to be made on the ships or goods adventured. From this it may reasonably be supposed that insurance had been in use in England for at least a century previous. It appears from the same statute, that it had originally been usual to refer all disputes that arose with respect to insurances to the decision of “grave and discreet” merchants appointed by the lord mayor. But abuses having grown out of this practice, the statute authorized the lord chancellor to appoint a commission for the trial of insurance cases; and in the reign of Charles II. the powers of the commissioners were enlarged. But this court soon after fell into disuse; and, what is singular, no trace can now be discovered of any of its proceedings.] Guicciardini, who wrote his Account of the Netherlands in 1567, remarks, in describing Antwerp, that the merchants there were accustomed to insure their ships. Anderson says that this is the first instance of maritime insurance, which is very astonishing, as he thinks the invention of insurance is to be found in Suetonius, and in the laws of the Isle of Oleron. A most useful imitation of insurance in trade is the institution of insurance-offices, to indemnify losses sustained by fire. As far as I have been able to learn, companies for that purpose were first formed towards the middle of the last century, though houses were insured by individuals much earlier. The fire-office at Paris was established in 1745; that of the electorate of Hanover in 1750; that of Nassau-Weilburg in 1751; those of Brunswick-Wolfenbuttel and Wirtemberg in 1753; that of Anspach in 1754; that of Baden-Durlach in 1758; that of the county of Mark in 1764; those of Saxe-Weimar and Eisenach in 1768; and that of the Society of the Clergy in the Mark of Brandenburg[712], to insure goods and household furniture, was established in 1769.