Later that year, New York Life's assets survived the stock market crash state regulation and company investing policy had led New York Life to invest in government bonds and real estate, not common stocks. The company moved into the 34-story skyscraper in 1929. The New York Life Building at 51 Madison Avenue in Manhattan, designed by American architect Cass Gilbert, opened in December 1928. In 1896, New York Life became the first company to insure people with disabilities or in hazardous occupations. Anthony was one of the company's first female policyholders. In 1894, the company became the first US-based insurance provider to offer life insurance to women at the same cost as men social reformer Susan B. McCall introduced the branch office system: offices that served as liaisons between New York and field agents. New York Life's growth was in part fueled by its introduction of a system by which the company used agents to find new business. New York Life continued to grow throughout its first 100 years as the national population and the market for life insurance increased. In the late 1800s, the company began employing female agents. The company also sold policies to soldiers and civilians involved in combat during the American Civil War and paid claims under a flag of truce during that time. The board of trustees voted to end the sale of insurance policies on slaves in 1848. By 1847 these accounted for one‑third of New York Life's policies. In its early years (1846–1848) the company, along with other insurance companies of the day including Aetna and US Life, insured the lives of slaves for their owners. Nautilus renamed itself New York Life Insurance Company in 1845 to concentrate on its life insurance business. The company's first president, James De Peyster Ogden, was appointed in 1845. Originally chartered in 1841, the company also sold fire and marine insurance.
New York Life Insurance Company first opened in Manhattan's Financial District as Nautilus Mutual Life in 1841, 10 years after the first life insurance charter was granted in the United States. Advertisement from Shole's Directory of the City of Macon, December 1st, 1894.
0 kommentar(er)
