U.S. Census Bureau Daily Feature for June 17: Accident Insurance

WASHINGTON, June 17, 2017 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

ACCIDENT INSURANCE

Profile America — Saturday, June 17th. America's first accident insurance company was chartered on this date in 1863 in Hartford, Connecticut. It was the Travelers Insurance Company — still with us today as the Travelers Companies — and its first policies insured against loss during periods of travel only. In 1864, the charter was amended to cover all manner of accidents. The first such rider, sealed with a handshake, was to insure James Bolter of Hartford for $5,000 against accidents on his walk between his home and the post office. The premium for this coverage was two cents. Premiums have risen considerably since Mr. Bolter put in his two cents. The 177,000 insurance carriers in the country have annual business revenues of around $2 trillion. You can find more facts about America's people, places and economy, from the American Community Survey, at www.census.gov.

Sources: Kane's Famous First Facts, 4504
Travelers' history/accessed 3/30/2017: 
www.travelers.com/about-us/careers/life-at-travelers/history.aspx 
Insurance carriers/County Business Patterns/NAICS 524: https://factfinder.census.gov/bkmk/table/1.0/en/BP/2014/00A1//naics~524 
Insurance revenues/Economic Census/NAICS 524:
https://factfinder.census.gov/bkmk/table/1.0/en/ECN/2012_US/00A1//naics~524

Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu). 

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SOURCE U.S. Census Bureau