Crossword-Solution: INSURER 7 letters, 28 clues 🏆 scrabble score: 7

The State is not only a borrower, it is an insurer and guardian of property; granting the best of security, it assures the most inviolable possession.

Bernard is, that "the law charges the person thus intrusted to carry goods as against all events but acts of God and the enemies of the king." This was adopted by solemn decision in Lord Mansfield's time, and it is now settled that the common carrier "is liable for all losses which do not fall within the excepted [200] cases." /1/ That is to say, he has become an insurer to that extent, not only against the disappearance or destruction, but against all forms of damage to the goods except as excepted above.

But the short reason for disbelieving that there was any warrant in the old law for making the carrier an insurer against damage is, that there seem to be no early cases in which bailees were held to such a responsibility, and that it was not within the principle on which they were made answerable for a loss by theft.

Having traced the process by which a common carrier has been made an insurer, it only remains to say a word upon the origin of the admitted exceptions from the risk assumed.

Some object the disparity of the premium to the hazard, when the insurer runs the risk of £100 on the seas from Jamaica to London for 40s., which, say they, is preposterous and unequal.