The History of Insurance
Gilbert J. Loomis holds the distinction of being the first person to buy this type of insurance policy in 1897. The policy, which was issued in Dayton, Ohio, protected Loomis if his car damaged property or injured or killed an individual.
What is automotive liability (or Car Insurance)?
Protection against financial loss.
What is Insurance?
The policyholder - the person(s) protected in case of a loss or claim.
Who is the Insured?
This coffeehouse chain spends more on their employees’ health benefits than their coffee.
What is Starbucks?
Who is Ricky Spiro?
In 1752, this famous inventor and founding father of the US and his fellow firefighters founded The Philadelphia Contributionship, the nation’s oldest successful property insurance company.
Who is Benjamin Franklin?
Trailers, RVS, Motorhomes, Homeowners, Renters, Auto- What type of classification does these fall under (hint, line of coverage).
What is Personal Lines?
A licensed person or organization paid by you to look for insurance on your behalf.
What is an Insurance Broker?
Insurance companies do not provide coverage for this martial arts actor's films. As a result, he personally trains his stuntmen and covers their medical expenses out of his own pocket.
Who is Jackie Chan?
Hilb Group's intranet platform hosted on WorkVivo.
What is CONNECT?
The world's leading insurance market (based in London) was founded in a coffee house by sea captains protecting their ships in 1688.
What is Lloyd's of London?
A fee paid for insurance.
What is a premium?
Notice to an insurer that under the terms of a policy, a loss maybe covered.
What is a Claim?
In 2003, this soft drink company organized a sweepstakes with a staggering 1-billion dollar-prize. Simultaneously, the company secured a 10-million dollar-insurance policy to cover the possibility of someone winning.
One of Hilb Group's Values.
What is Trust, Collaboration, Integrity or Passion?
In 1945, the McCarran-Ferguson Act was passed by congress and dictated that the ______ regulate insurance.
What are the states?
Insurance that is usually offered by employers, who pay part or all of the costs of their employees.
What is group insurance?
The amount of money an insurance company charges for insurance coverage.
What is a Premium?
This famous singer, known for his band's black and white makeup, insured his iconic tongue for $1 million.
Who is Gene Simmons?
Hilb Group's learning portal, complete with everything you need to develop your skills and advance your career - a central place for learning, development, and growth for all associates.
What is Hilb University?
This Babylonian law code dated from around 1750 BC. It consists of 282 laws dealing with all aspect of public life, citizen’s rights and obligations and the Babylonian kingdom’s justice system, including a marine insurance-like arrangement.
What is the Code of Hammurabi?
The set amount that the policyholder must pay per loss on an insurance policy.
What is a deductible?
An arrangement whereby one party becomes answerable to a third party for the acts of a second party.
What is Surety
In 1987, this type of insurance became available to individuals who were interested in protection against alien abduction.
What is UFO Insurance?
This year, Hilb Group is celebrating the ______ anniversary.
What is 15th Anniversary?