What innovation emerged as a result of the Great Fire of London?

The correct answer highlights the significant change in attitudes towards risk and property protection that arose after the Great Fire of London in 1666. With much of the city devastated by the fire, the concept of fire insurance became increasingly important. This led to the establishment of various insurance companies that provided financial protection against fire damage. The need for such protections became apparent as people sought to safeguard their homes and investments from future disasters.

This innovation not only offered peace of mind to property owners but also contributed to the broader development of the insurance industry as we know it today. The implementation of these insurance policies reflected a societal shift towards managing risk more effectively, a critical evolution in urban development and personal finance.