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The Compensation Scandal: Why Slave Owners Were Paid—Not the Enslaved

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8. The Role of Insurance Companies

8. The Role of Insurance Companies
Image Source: Wikimedia Commons.

Insurance companies, including Lloyd’s of London, played a significant part in the slave economy by insuring slave ships and enslaved people as property. Some firms even facilitated compensation payouts to former slave owners, further profiting from the system’s legacy. [via Lloyd’s of London]

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