Insurance Events in History

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2011 Event - President Obama's health insurance mandate from his Patient Protection and Affordable Care Act is struck down by the U.S. court of Appeals for the Eleventh Circuit

1995 Death - Michael Naylor, insurance broker, dies at 59

1983 Event - Champion thoroughbred Shergar kidnapped in Ireland; never found Lloyds of London pays $10.6 million insurance

1981 Event - Football running back, Herschel Walker, of University of Georgia, takes out a Lloyd's of London insurance policy for $1 million

1978 Death - John D MacArthur, U.S. insurance billionaire, dies at 80

1973 Event - Insurance industry announces auto racers get into more highway accidents

1961 Event - British minister Enoch Powell makes medical insurance more expensive

1959 Death - Charles Lotsy, Dutch insurance director/chief d'equipe, dies at 66

1953 Event - 1st department store to sell insurance is Carson Pirie Scott in Chicago, Illinois

1940 Birthday - George Paul, CEO, Norwich Union Insurance Group

1938 Event - U.S. Federal Crop Insurance program authorized

1938 Event - Dutch government starts obligatory unemployment insurance

1936 Birthday - Michael Naylor, insurance broker

1934 Event - Federal Deposit Insurance Corp, FDIC, U.S. bank guarantor, effective

1933 Event - U.S. Federal Deposit Insurance Corporation, FDIC, created

1932 Event - 1st U.S. state unemployment insurance act enacted (Wisconsin)

1929 Event - 1st group hospital insurance plan offered (Dallas Tx)

1928 Birthday - Ken Scowcroft, English insurance magnate/multi-millionaire

1928 Birthday - MG Falcon, CEO, Norwich Union Insurance Group

1925 Event - Unemployment Insurance Act passed in England

1923 Birthday - Richard Lumley, English insurance magnate/multi-millionaire

1919 Event - Liberty Life Insurance Co (Chicago) organized by blacks

1912 Event - British National Health Insurance Act goes into effect

1911 Event - 1st U.S. group insurance policy written, Passaic, New Jersey

1911 Event - North Dakota enacts a hail insurance law

1905 Event - Atlanta Life Insurance Company forms

1898 Event - North Carolina Mutual and Provident Insurance Company forms

1898 Event - 1st auto insurance policy in U.S. issued, by Travelers Insurance Co

1893 Birthday - Karel Lotsy, Dutch insurance director and Olympic-chief d'equipe

1880 Event - Tobacco Growers' Mutual Insurance Company incorporates in Connecticut

1876 Birthday - Frank L Gillespie, Arkansas, founded Supreme Life Insurance Company

1868 Event - Metropolitan Life Insurance Co forms

1867 Event - Hartford Steam Boiler Inspection and Insurance Co. issues 1st policy

1863 Event - Travelers Insurance Co of Hartford chartered, 1st accident insurer

1843 Event - 1st chartered mutual life insurance company opens

1835 Event - 1st U.S. mutual fire insurance company issues 1st policy (RI)

1810 Event - 1st U.S. fire insurance joint-stock company organized, Philadelphia

1810 Event - 1st insurance co managed by blacks, American Insurance Company of Philadelphia

1799 Event - 1st U.S. law regulating insurance passed, by Massachusetts

1792 Event - 1st life insurance policy issued in U.S. in Philadelphia

1768 Event - 1st American chartered fire insurance company opens (Penn)

1761 Event - 1st life insurance policy in U.S., issued in Philadelphia

1759 Event - 1st American life insurance company incorporated, Philadelphia

1752 Event - 1st U.S. fire insurance policy issued (Philadelphia)

1721 Event - John Copson becomes America's 1st insurance agent

1583 Event - Richard Martin of London takes out 1st life insurance policy, on William Gibbons, premium was 383 pounds

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