WASHINGTON, Feb. 26, 2013 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
TUESDAY, FEBRUARY 26: CAR INSURANCE
Profile America — Tuesday, February 26th. Car insurance is both required and a major item in the budget of most households. The idea of insuring cars against accidents began this month in 1898 when the Traveler's Insurance Company issued a policy to Dr. Truman Martin of Buffalo. His policy cost $12.25 and gave him $5,000 in coverage. Martin was chiefly concerned about accidents between his automobile — one of less than 4,000 in the entire country at the time — and horses, which numbered about 18 million. Now, cars and trucks vastly outnumber horses, and there are nearly 14,000 property and casualty insurance firms. You can find more facts about America's people, places and economy from the American Community Survey at www.census.gov.
Historical Statistics of the United States: Colonial Times to 1970, p. 520, 716, 1208
2007 Economic Census, NAICS 524126
Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on a monthly CD or on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).
SOURCE U.S. Census Bureau