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The Company was founded by Harry Thomas (later Harry Beaufoy) Leonard Sedgwick (1855–1931) [3] [4] late in the 19th century as an insurance broker under the name Sedgwick, Collins & Co. [5] In 1972 it merged with Price Forbes to form Sedgwick Forbes.
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108 Leonard (formerly known as 346 Broadway, the New York Life Insurance Company Building, and the Clock Tower Building) is a residential structure in the Tribeca neighborhood of Manhattan in New York City, New York, United States. Built from 1894 to 1898, the building was constructed for the New York Life Insurance Company.
In 1859, the New York State Legislature created the New York State Insurance Department, and assumed the functions of the Comptroller and Secretary of State relating to insurance. [1] The department began operations in 1860 and William F. Barnes was the first Superintendent of Insurance. [1]
The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway , before becoming a wholly owned subsidiary of AXA Financial, Inc. in 2004.
The company was founded in 1845 in New York as Jones & Johnson by Walter Restored Jones, Jr. and Henry Ward Johnson. [1] In 1854, the company was renamed when A. Foster Higgins replaced Jones who left to do business on his own. [1] By 1900, the company had offices in 8 cities and had 75 employees. [1]
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
In a lawsuit, Eliot Spitzer, then New York State’s attorney general, accused Marsh of not serving as an unbiased broker, leading to increased costs for clients and higher fees for Marsh. In early 2005, Marsh agreed to pay $850 million to settle the lawsuit and compensate clients whose commercial insurance it arranged from 2001 to 2004. [13]