Today in legal history...

Monday, January 11, 2010

First U.S. life insurance company incorporated

On January 11, 1759, America's first life insurance company was incorporated in Philadelphia, Pennsylvania. The Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers was established by Presbyterians to support the families of their ministers. In 1988, the company's named was changed to the Presbyterian Ministers' Fund. The company later became Covenant Life Insurance Company before being acquired by Nationwide Mutual Insurance Company in 2002.

Read a history of the Presbyterian Ministers' Fund from the Pennsylvania Historical Society.

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