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Insurance Agents & Brokers history
Insurance Agents & Brokers company history timeline
In fact, not until 1949, when Congress permitted sales of coverage across state borders, could a single company in the United States offer multiple lines of insurance on a wide scale.
The insurance companies served by this industry generated a combined total of about $500 billion in premiums from customers in 1993.
In 1994, $1.1 trillion worth of life insurance was purchased in the United States, while $11.6 trillion was currently in force.
Health reform legislation in 1996 provided a boon to health insurance agents.
The process began with the Supreme Court's 1996 Barnet Bank decision, which allowed banks to begin selling insurance in small towns in the United States.
The Insurance Services Office (ISO) reported that premiums written-to-surplus ratio as of December 31, 1998 reached a record low of 0.84-to-1.
Unsworth, Edwin. "More Consolidation, Demutualization Expected." Business Insurance, 26 July 1999.
Gardner, Mark L. "Pressure to Sell Out." Best's Review Life/Health Edition, October 1999.
In 2001, the company wrote $21.9 billion in net premiums and held $39.3 billion in assets.
"Agents Will Thrive in Hard Market." National Underwriter, 5 August 2002.
Some have already done this; for example, Chubb Co. upped its reserves by $700 million in 2002 to help offset increased asbestos claims.
New York: Insurance Information Institute, 2002.
In July 2016, FTP opened a 2nd location on Long Island at the Broadhollow Corporate Center located at 105 Maxess Road, Suite # S-133, Melville, NY 11747.
In February 2019, FTP Partnered with Lee Glaser to start FTP of California in San Diego.
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Insurance Agents & Brokers competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Founding Fathers Foundation | 2006 | $880,000 | 50 | - |
| NAIFA | 1890 | $50.0M | 50 | - |
| Exude | 1996 | $7.6M | 86 | - |
| New Life of New York City | 1973 | $44.1B | 50 | - |
| United Church Of Christ Insurance Board | 1985 | $10.0M | 2 | - |
| Apia | 1974 | $16.5M | 99 | 13 |
| Independent Insurance Agents of Indiana | 1929 | $5.0M | 19 | - |
| Minnesota Lawyers Mutual Insurance | 1982 | $8.5M | 75 | - |
| National Association of REALTORS | 1908 | $207.2M | 2,461 | - |
| Insurance Institute for Business & Home Safety | 1977 | $50.0M | 175 | 4 |
Insurance Agents & Brokers history FAQs
Zippia gives an in-depth look into the details of Insurance Agents & Brokers, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Insurance Agents & Brokers. The employee data is based on information from people who have self-reported their past or current employments at Insurance Agents & Brokers. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Insurance Agents & Brokers. The data presented on this page does not represent the view of Insurance Agents & Brokers and its employees or that of Zippia.
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