Insurance Handbook - Alaska Department of Community and ...

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Wisconsin State Associations Community Insurance Information Center 700 W. Michigan Street, Suite 360 Milwaukee, Wisconsin 53233-2470 Tel: 414-291-5360 Fax: 414-291-5370 Web: www.insuranceinfo-ciic.org National Association of Insurance and Financial Advisors - Wisconsin 2702 International Lane., Suite 207 Madison, Wisconsin 53704 Tel: 608-244-3131 Fax: 608-244-0476 Web: http://wisconsin.naifa.org Wisconsin Insurance Alliance 44 East Mifflin Street, Suite 901 Madison, Wisconsin 53703-2800 Tel: 608-255-1749 Fax: 608-255-2178 Web: www.wial.org Agent Associations Independent Insurance Agents of Wisconsin 725 John Nolen Drive Madison, Wisconsin 53713 Tel: 608-256-4429; 800-362-7441 Fax: 608-256-0170 Web: www.iiaw.com Professional Insurance Agents of Wisconsin, Inc. 6401 Odana Road Madison, Wisconsin 53719 Tel: 608-274-8188 Fax: 608-274-8195 Web: www.piaw.org Wyoming State Associations State Organizations Rocky Mountain Insurance Information Association – WY See RMIIA of CO, NM, UT and WY (under Colorado) Agent Associations Association of Wyoming Insurance Agents PO Box 799 Sundance, Wyoming 82729-0799 Tel: 307-283-2052 Fax: 775-796-3122 Web: www.awia.com NAIFA – Wyoming Hampton Insurance & Financial Services PO Box 319 Upton, Wyoming 82730 Tel: 307-468-2635 Fax: 307-468-2415 I.I.I. Insurance Handbook www.iii.org/insurancehandbook 189
Alphabetical Index YEAR EVENT 1601 First insurance legislation in the United Kingdom was enacted. Modern insurance has its roots in this law which concerned coverage for merchandise and ships. 1666 Great Fire of London demonstrated destructive power of fire in an urban environment, leading entrepreneur Nicholas Barbon to form a business to repair houses damaged by fire. 1684 Participants in the Friendly Society in England formed a mutual insurance company to cover fire losses. Brief History 1688 Edward Lloyd’s coffee house, the precursor of Lloyd’s of London, became the central meeting place for ship owners seeking insurance for a voyage. 1696 Hand in Hand Mutual Fire Company was formed. Aviva, the world’s oldest continuously operating insurance company, traces its origins to this company. 1710 Charles Povey formed the Sun, the oldest insurance company in existence which still conducts business in its own name. It is the forerunner of the Royal & Sun Alliance Group. 1735 The Friendly Society, the first insurance company in the United States, was established in Charleston, South Carolina. This mutual insurance company went out of business in 1740. 1752 The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, the oldest insurance carrier in continuous operation in the United States, was established. 1759 Presbyterian Ministers Fund, the first life insurance company in the United States, was founded. 1762 Equitable Life Assurance Society, the world’s oldest mutual life insurer, was formed in England. 1776 Charleston Insurance Company and the South Carolina Insurance Company, the first two United States marine insurance companies, were formed in South Carolina. 1779 Lloyd’s of London introduced the first uniform ocean marine policy. 1792 Insurance Company of North America, the first stock insurance company in the United States, was established. 1813 Eagle Fire Insurance Company of New York assumed all outstanding risks of the Union Insurance Company, in the first recorded fire reinsurance agreement in the United States. 1849 New York passed the first general insurance law in the United States. 1850 Franklin Health Assurance Company of Massachusetts offered the first accident and health insurance. 1851 New Hampshire created the first formal agency to regulate insurance in the United States. 190 I.I.I. Insurance Handbook www.iii.org/insurancehandbook
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