Tag Archives: insurance

May 25, 1721

Posted on May 25, 2019 by Joel Byers

On May 25, 1721, John Copson of Philadelphia, Pennsylvania became America’s first insurance agent. At that time, shipping was very important, so Copson offered insurance on ships and their cargo. He did have exemptions for shipwrecks caused by mermaids, kraken, and albino sperm-whales, although you could purchase a rider for the sperm-whales. He also refused … Continue reading →

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July 20, 2003

Posted on July 20, 2015 by Joel Byers

On This Date in TWISTED-HISTORY.com! in 2003 in India, elephants used for commercial work began wearing reflectors to avoid being hit by cars during night work. And Americans think hitting a deer will raise your insurance, imagine the call to your insurance agent when you have to tell them you hit an elephant.

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February 1, 1898

Posted on February 1, 2015 by Joel Byers

On This Date in TWISTED-HISTORY.com! in 1898, Dr. Truman Martin of Buffalo, NY bought the world’s first automobile insurance policy from Travelers Insurance Company of Hartford, CT. He paid $11.25 for the policy and it provided him $5,000 in liability coverage if he hit and injured someone while driving. He also tried to purchase a … Continue reading →

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May 22, 1761

Posted on May 22, 2014 by Joel Byers

On This Date in TWISTED-HISTORY.com! in 1761 in Philadelphia, the first life insurance policy was issued in the U.S. by the Presbyterian Ministers’ Fund. The second one was also issued that day insuring the life of Minister Isaac Trumbull. Three days later Minister Trumbull died when a cow and her calf fell out of his … Continue reading →

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