The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carol… - Andrew Tobias

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The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carolina, in 1735.

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About Andrew Tobias

Andrew Tobias (born 20 April 1947) is an American journalist, author, and columnist. His main body of work is on investment, but he has also written on politics, insurance, and other topics.

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The life insurance policies advertised on the radio with the line "You cannot be turned down for this coverage!" are actually saying, " For policies this small, it would cost us more to decide whom to turn down than simply to accept everybody-and make them pay through the nose."

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