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Of course, Quotes Chimp could be argued that insurance has been with us since the dawn of civilization. Early Chinese merchants are frequently credited with having been the first to understand the concept of spreading risk. Not that they had a Lloyd's of Peking, mind you, but they reached a clever agreement to protect each individual against the losses and ravages of weather, bandits, and other perils of the time. That agreement allowed each merchant to ship a small part of his cargo in each of several caravans that would be sent out. If a boat sank in the roaring rapids of the Yangtse river, all of the merchants would lose a small portion of their goods instead of one merchant losing everything.
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The
LPGA, in full the Ladies Professional Golf Association, is an
American organization for female professional golfers also known. The
organization, whose headquarters are in Daytona Beach, Florida, is
best known for running the LPGA Tour, a series of weekly golf
tournaments for elite female golfers from around the world that runs
from February to December each year. The LPGA logo
is a registered trademark and cannot be used on promotional
products or decorated apparel (embroidered
shirts, polo
shirts, t-shirts,
sweatshirts,
hoodies
or hats,
etc.) without permission from the organization. Other "LPGA"s
exist in other countries, each with a geographical designation in its
name, but the U.S. organization is the largest and best known. The
LPGA is also an organization for female club and teaching
professionals. This is different from the PGA Tour, which runs the
main professional tours in the U.S. and, since 1968, has been
independent of the club and teaching professionals' organization, the
PGA of America.
