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Oldest U.S. Carrier, Founded by Benjamin Franklin, State-Regulated for 239 Years

Celebrating its 239th year in business is Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, which was incorporated on February 20 back...
February 21, 2007

Celebrating its 239th year in business is Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, which was incorporated on February 20 back in 1768.

The company is the oldest insurance carrier in the United States, according to an A.M. Best Co. company report. The mutual company, founded by Benjamin Franklin and other prominent Philadelphians, has been in continuous operations since March 1752 and was incorporated under the laws of Pennsylvania on Feb. 20, 1768. It is a member of the Philadelphia Contributionship Group, whose core line of business is homeowners multiperil. The group also provides fire, allied lines and inland marine coverages.

The Philadelphia Contributionship has been state-regulated for all of its 239 years.

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