U.S. Census Bureau Daily Feature for May 22
WASHINGTON, May 22, 2013 /PRNewswire-USNewswire/ — Following is the daily “Profile America” feature from the U.S. Census Bureau:
WEDNESDAY, MAY 22: LIFE INSURANCE
Profile America – Wednesday, May 22nd.( )Many things we take for granted in current society actually had their beginnings in colonial America. And many beginnings in colonial America took place in Philadelphia. The first known life insurance company was called the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers chartered this month in 1759. Given the time and location, it should not be surprising that Benjamin Franklin was involved in setting up the business. Now, there are 946 life insurance companies in the U.S., with nearly 300 million policies in force. Finance and insurance is a $3.7 trillion a year sector of the economy. You can find more facts about America from the U.S. Census Bureau, online at www.census.gov.
Sources: Presbyterian Heritage Center
2007 Economic Census, NAICS 524210
Statistical Abstract of the United States 2012, t. 1220, 1221
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