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Merchants Insurance Group was founded on March 5, 1918, the day Merchants Mutual Liability Company opened for business with Urban F. Jehle as President. Mr. Jehle, owner and operator of a grocery store in Buffalo, returned from a grocers’ convention with the idea of bringing merchants together for the mutual protection of their delivery vehicles.
National Loan Fund Life Assurance Company distributed a circular entitled. "A Method by Which Slave Owners May Be Protected From Loss" which named The Merchants Bank and The Leather Manufactures Bank as institutions able to pay and adjust claims. Under a typical policy a slave could be insured for $500.00 with an annual premium of about $11.25.
Servicemembers' Group Life Insurance. Servicemembers' Group Life Insurance ( SGLI) is a life insurance program available to all active duty and reserve members of the uniformed services of the United States. Supervised by the United States Department of Veterans Affairs, the program is administered by the Prudential Insurance Company of America.
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NC Mutual (originally the North Carolina Mutual and Provident Association and later North Carolina Mutual Life Insurance Company) [2] [3] was an American life insurance company located in downtown Durham, North Carolina and one of the most influential African-American businesses in United States history. Founded in 1898 by local black social ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
The sale of life insurance in the U.S. began in the late 1760s. The Presbyterian Synods in Philadelphia and New York founded the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759; [56] Episcopalian priests created a comparable relief fund in 1769.
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