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The jeweler had learned to cut diamonds in Antwerp. For ten years he  worked in a small office grinding facets onto stones of half a carat or  less. The boredom of the job infuriated him. He had no future.  He came to the United States on a tourist visa. He knew that the only  way he could become a legal permanent resident was to have a business in  place. The income he derived from his sales was sufficient to allow him  to live in Southern California, but not set up a business. He needed a  large influx of cash.  After only a month working the wholesale jewelry market, the jeweler  learned about insurance. It seemed to him that when they weren\\u2019t talking  about gems all jewelers spoke about insurance. It was expensive. The  insurers required them to install sophisticated alarm systems. The  insurers required them to install safes that far exceeded any need of  reasonable security.  The jeweler saw insurance as a way of setting up a permanent business  and becoming a legal resident of the United States.  He got from his jeweler acquaintances the name of an insurance broker  who asked few questions. He contacted that broker. He told the broker  that he was a diamond salesman who operated his business from his home.  The broker presented an application to Underwriters at Lloyd\\u2019s, London  since no American markets would accept such a risk. The Underwriters at  Lloyd\\u2019s refused to insure the jeweler because he had insufficient  security at his apartment.