WASHINGTON, May 4, 2014 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
LIFE INSURANCE
Profile America - Sunday, May 4th. Many things we take for granted in current society actually had their beginnings in Colonial America. And many beginnings in Colonial America took place in Philadelphia. The first known life insurance company was called the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers chartered this month in 1759. Given the year and location, it should not be surprising that Benjamin Franklin was involved in setting up the business. Now, there are almost 137,000 insurance agencies and brokerages in the U.S., with nearly 700,000 agents and workers. The insurance industry is a $106 billion a year sector of the economy. You can findcurrent data on the country's economy by downloading the America's Economy mobile application at www.census.gov/mobile.
Sources: http://www.phcmontreat.org/ThisDayInHistoryIndex-May.htm
http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_52A2&prodType=table NAICS 524210
Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).
Logo - http://photos.prnewswire.com/prnh/20110428/DC91889LOGO
SOURCE U.S. Census Bureau
