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Insurance
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1995 Michael Naylor, insurance broker, dies at 59
1983 Champion thoroughbred Shergar kidnapped in Ireland; never found Lloyds of London pays $10.6 million insurance 1981 Football running back, Herschel Walker, of University of Georgia, takes out a Lloyd's of London insurance policy for $1 million 1978 John D MacArthur, U.S. insurance billionaire, dies at 80 1973 Insurance industry announces auto racers get into more highway accidents 1961 British minister Enoch Powell makes medical insurance more expensive 1959 Charles Lotsy, Dutch insurance director/chief d'equipe, dies at 66 1953 1st department store to sell insurance is Carson Pirie Scott in Chicago, Illinois 1940 George Paul, CEO, Norwich Union Insurance Group 1938 U.S. Federal Crop Insurance program authorized 1938 Dutch government starts obligatory unemployment insurance 1936 Michael Naylor, insurance broker 1934 Federal Deposit Insurance Corp, FDIC, U.S. bank guarantor, effective 1933 U.S. Federal Deposit Insurance Corporation, FDIC, created 1932 1st U.S. state unemployment insurance act enacted (Wisconsin) 1929 1st group hospital insurance plan offered (Dallas Tx) 1928 Ken Scowcroft, English insurance magnate/multi-millionaire 1928 MG Falcon, CEO, Norwich Union Insurance Group 1925 Unemployment Insurance Act passed in England 1923 Richard Lumley, English insurance magnate/multi-millionaire 1919 Liberty Life Insurance Co (Chicago) organized by blacks 1912 British National Health Insurance Act goes into effect 1911 1st U.S. group insurance policy written, Passaic, New Jersey 1911 North Dakota enacts a hail insurance law 1905 Atlanta Life Insurance Company forms 1898 North Carolina Mutual and Provident Insurance Company forms 1898 1st auto insurance policy in U.S. issued, by Travelers Insurance Co 1893 Karel Lotsy, Dutch insurance director and Olympic-chief d'equipe 1880 Tobacco Growers' Mutual Insurance Company incorporates in Connecticut 1876 Frank L Gillespie, Arkansas, founded Supreme Life Insurance Company 1868 Metropolitan Life Insurance Co forms 1867 Hartford Steam Boiler Inspection and Insurance Co. issues 1st policy 1863 Travelers Insurance Co of Hartford chartered, 1st accident insurer 1843 1st chartered mutual life insurance company opens 1835 1st U.S. mutual fire insurance company issues 1st policy (RI) 1810 1st U.S. fire insurance joint-stock company organized, Philadelphia 1810 1st insurance co managed by blacks, American Insurance Company of Philadelphia 1799 1st U.S. law regulating insurance passed, by Massachusetts 1792 1st life insurance policy issued in U.S. in Philadelphia 1768 1st American chartered fire insurance company opens (Penn) 1761 1st life insurance policy in U.S., issued in Philadelphia 1759 1st American life insurance company incorporated, Philadelphia 1752 1st U.S. fire insurance policy issued (Philadelphia) 1721 John Copson becomes America's 1st insurance agent 1583 Richard Martin of London takes out 1st life insurance policy, on William Gibbons, premium was 383 pounds |
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