Benjamin Franklin: Founding Father of Insurance

Benjamin Franklin: Founding Father of Insurance

In 1730, after a fire destroyed most of Philadelphia, Benjamin Franklin established the first fire department called the Union Fire Company, an organized effort that consisted of more than a few buckets. “An ounce of prevention is worth a pound of cure” is one of Ben Franklin’s many famous quotes, which inspired people to better prevent fires and help fire victims recover. But he also realized that people could not protect themselves from natural fire causes such as lightning….

Read More