INSURANCE BLOG

Benjamin Franklin knows Insurance

There are so many old American Insurance Companies around but which one is the oldest?  Well most people don’t know the compay name when they hear it but they do recognize the company founder Benjamin Franklin.   The Philadelphia Contributionship Insurance Company is the oldest insurance company in the USA and has been conducting business for 239 years accodring to A.M. Best.

The Philadelphia contributonship, a mutual company, was founded by Benjamin Franklin and other prominent Philadelphians started operations in March of 1752 and then was incorporated under the laws of Pennsylvania on Feb. 20, 1768.

The Philadelphia contributonship main lines of business is homeowners and Multiperil Insurance. The Insurance group also provides fire coverage , allied lines and inland marine coverages. Get a Free quote today and lower your rates.

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