The Origins and History of Insurance: Timeline

				ç	3000	Chinese merchants apportion risk across several vessels
Code of Hammurabi codifies marine insurance-like arrangement	1750	è
				ç	600	Early form of bottomry develops among Hindus
Bottomry and respondentia contracts develop in Greece	300	è
				ç	200	Roman burial clubs and societies in existence
Oldest recorded insurance contract in Genoa	1343	è
				ç	1601	First insurance legislation enacted in Britain
Nicholas Barbon establishes the first insurance office in London	1667	è
				ç	1684	The Friendly Society establishes a mutual insurance company in England
Lloyd’s of London forms in a London coffee house	1688	è
				ç	1693	Edmund Halley develops the first mortality table
Hugh Chamberlain proposes an early form of disability insurance	1694	è
				ç	1710	The Sun Fire Office forms in England
First stock insurance company forms in England	1720	è
				ç	1735	The Friendly Society forms the first insurance company in America
Philadelphia Contributorship founded by Benjamin Franklin	1752	è
				ç	1762	Equitable Assurance on Lives and Survivorship forms
Insurance Company of North America becomes the first stock insurance company in America	1792	è
				ç	1837	Massachusetts enacts the first state law requiring adequate reserves
New York passes the first general insurance law in the United States	1849	è
				ç	1851	New Hampshire appoints the first state insurance commissioner
National Board of Fire Underwriters formed in New York	1866	è
				ç	1869	U.S. Supreme Court holds that insurance is not interstate commerce in Paul v. Virginia
New York adopts a ‘standard fire insurance policy’ that later develops into the industry standard	1887	è
				ç	1898	Travelers Insurance Company issues the first automobile insurance policy
Wisconsin passes the first Constitutional workers compensation law in the U.S.	1911	è
				ç	1944	Paul v. Virginia overturned by U.S. Supreme Court U.S. v. South-Eastern Underwriters Association
McCarran-Ferguson Act reiterates the (virtual) pre-eminence of state-based insurance regulation	1945	è
				ç	1947	Precursor to modern guaranty funds forms in New York
National Flood Insurance Act establishes the federal flood insurance program	1968	è
				ç	1981	Federal Risk Retention Act of 1981 is enacted
Gramm-Leach-Bliley Act is enacted by the U.S. Congress	1999	è
				ç	2003	U.S. Supreme Court limits punitive damages in State Farm v. Campbell
Patient Protection and Affordable Care Act health insurance mandate	2010	è