U.S. Census Bureau Daily Feature for May 21: Life Insurance

WASHINGTON, May 21, 2017 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

LIFE INSURANCE

Profile America — Sunday, May 21st. Many things we take for granted in current society actually had their beginnings in Colonial America. And many beginnings in Colonial America took place in Philadelphia. The first known life insurance company was called the "Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers," chartered this month in 1759. Benjamin Franklin was something of an inspiration, having helped launch the colonies' first chartered fire insurance company in 1752, also in Philadelphia. Now, there are nearly 133,000 insurance agencies and brokerages in the U.S., with nearly 668,000 agents and workers. The insurance industry is a $107 billion a year sector of the economy. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.

Sources:
Date/accessed 2/22/2017:
www.phcmontreat.org/ThisDayInHistoryIndex-May.htm
Organizing & Chartering/accessed 2/23/2017: http://hsp.org/sites/default/files/legacy_files/migrated/findingaid3101presbyministers.pdf 
Benjamin Franklin: Kane's Famous First Facts, 4530
Insurance agencies and/County Business Patterns/NAICS 524210:
https://factfinder.census.gov/bkmk/table/1.0/en/BP/2014/00A1//naics~524210 
Insurance revenues/Economic Census/NAICS 524210:
https://factfinder.census.gov/bkmk/table/1.0/en/ECN/2012_US/52SLLS1//naics~524210

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). 

SOURCE U.S. Census Bureau

Related Links

http://www.census.gov

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