Abstract
We are told that a number of years ago the French explorer, DeMorgan, made extensive excavations at Susa, the capital of ancient Persia. He removed layers of earth containing ruins of Persian palaces, and also discovered a stone monument inscribed with the code of Hammurabi. This king ruled Babylonia about 2000 B.C. He united all of the little city-states into one kingdom with its capital at Babylon. He proved himself a statesman and devoted himself to the welfare of his subjects. He repaired old canals and constructed new ones, restored the old temples, and above all gave the country a uniform system of laws. Probably some of these laws had been long established by custom and he merely codified such customs and earlier decisions into a system, so that justice might be administered alike throughout the realm. The laws were then inscribed upon stone slabs and erected at certain places where the people could read them, and those who felt themselves injured might know what redress lay open to them.
Volume
XV
Page
50-54
Year
1928
Categories
Actuarial Applications and Methodologies
Reserving
Claims Handling
Publications
Proceedings of the Casualty Actuarial Society