WASHINGTON, June 17, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
Profile America — Friday, June 17th. America's first accident insurance company was chartered on this date in 1863 in Hartford, Connecticut. It was the Travelers Insurance Company — still with us today as the Travelers Companies — and its first policies insured against loss during periods of travel only. In 1864, the charter was amended to cover all manner of accidents. The first such rider, sealed with a handshake, was to insure James Bolter of Hartford for $5,000 against accidents on his walk between his home and the post office. The premium for this coverage was two cents. Premiums have risen considerably since Mr. Bolter put in his two cents. The 175,000 insurance carriers in the U.S. have annual business revenues in excess of $1.9 trillion. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.
Sources: Kane's Famous First Facts, 4504
Travelers' history/accessed 4/1/2016:
Insurance revenues/NAICS 524: http://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_00A1&prodType=table
Profile America is produced by the Center for New Media and Promotion of 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).
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-census-bureau-daily-feature-for-june-17-accident-insurance-300283753.html
SOURCE U.S. Census Bureau