The First Homeowner’s Insurance Policies Are Offered
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics
- Subcategories: Business, Banks, Banking, Finance
- Curriculum: American History 1901-1950
- Geographical Location: Pennsylvania
- Date: September, 1950
Article abstract: The booming American economy following World War II forced the traditionally conservative insurance industry to innovate with new concepts such as the homeowner’s policy.
Summary of Event
The Insurance Company of North America (INA), a company with a reputation for innovation, made insurance history in 1950 by introducing its famous homeowner’s policy. It offered a complete shield of protection for the home, which was most people’s single biggest lifetime investment. In offering this new type of policy, INA was responding to...
[The entire page is 2352 words long]
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
