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The following article can be found in the Dec. issue of the Insurance Journal (I think this fact is interesting and didn't know if you knew this):    

In 1752, Benjamin Franklin and his fellow firefighters founded The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, the nation's oldest property insurance company.  The company formed as a mutual insurance company in which policyholders came together to share the risks.  It was modeled after the Amicable Contributionship of London.  The company refused to write houses that its members thought were fire hazards and its underwriting standards became the basis for building codes.


Posted 5:42 PM

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