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In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Philadelphia Contributionship Historical Marker at 212 S 4th St Philadelphia PA. The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire is the oldest property insurance company in the United States. It was organized by Benjamin Franklin in 1752 and incorporated in 1768. [1] [5]
Insurance Company of North America (INA) is the oldest capital stock insurance company in the United States, [2] founded in Philadelphia in 1792. It was one of the largest American insurance companies of the 19th and 20th centuries before merging with Connecticut General Life to form CIGNA in 1982, and was acquired by global insurer ACE Limited (currently Chubb Limited) [3] in 1999.
Name City Industry Fortune 500 rank (2009) Notes ACE USA: Philadelphia: insurance: Arkema: Philadelphia: chemicals: AstraZeneca: Wilmington, DE: pharmaceuticals
The Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States. As of 2019, it had 3,140 employees, $3.7 billion in revenue, and $36.7 billion in assets. [1] [2]
Independence is the largest health insurer in the Philadelphia area, serving people in the region and seven million nationwide. [2] Employing more than 10,000 people, [3] the company offers a wide variety of health plans, including managed care, and traditional indemnity insurance. Its network of health care providers includes nearly 180 area ...
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Life Insurance Company; Formerly: Colonial Penn Life Insurance Company (1968–1998) Conseco Direct Life (1998–2001) Company type: Subsidiary: Industry: Finance and Insurance: Founded: 1968; 57 years ago () Headquarters: Philadelphia, Pennsylvania, U.S.