Global insurer
Chubb has dedicated a historical marker in Philadelphia to the Insurance Company of North America (INA), its oldest subsidiary. This was done in collaboration with the Pennsylvania Historical and Museum Commission (PHMC).
The marker was unveiled during a ceremony at Chubb’s Philadelphia office. It commemorates INA’s 225-year history. INA has operated in the Philadelphia area uninterrupted since 1792, and served as a cornerstone of Philadelphia's “Insurance Row,” which was once the acknowledged center of the US insurance industry, Chubb said. INA has been a subsidiary of Chubb (formerly ACE Group) since 1999.
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The marker will be owned and maintained by the PHMC. According to the PHMC’s nominating criteria, INA “had a significant impact on its times, and has statewide and/or national historical significance.”
“Each PHMC marker establishes an important link to the past. I hope that this marker provides encouragement for further study and discussion as we celebrate the important role INA played in establishing the insurance industry when the United States of America was still in its infancy. Additionally, the marker recognizes INA’s numerous marketplace innovations over its long history,” said Nancy Moses, PHMC Chair.
Chubb said INA is the first stock insurance organization in the US, the first fire insurance company to insure contents of a building from fire, and the first insurance company to appoint a network of agents to represent it on the US frontier.
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