Insurance Workers' International Union
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Insurance Workers' International Union
The Insurance Workers' International Union (IWIU) was a labor union representing workers in the insurance industry in the United States and Canada. History The union was established on May 18, 1959, when the Insurance Agents' International Union merged with the Insurance Workers of America. Like both its predecessors, it was chartered by the AFL-CIO. On formation, it had 22,650 members. In 1966, the union hired an organizer to study the unionization of white collar workers. By 1980, its membership had fallen slightly, to 20,000. On October 1, 1983, the union merged into the United Food and Commercial Workers The United Food and Commercial Workers International Union (UFCW) is a labor union representing approximately 1.3 million workers in the United States and Canada in industries including retail; meatpacking, food processing and manufacturing; hosp ..., to promote the broader organization of clerical workers in the industry. Presidents :1959: George L. Russ :1963: George ...
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Insurance Agents' International Union
The Insurance Agents' International Union (IAIU) was a labor union representing agents in the insurance industry, in the United States and Canada. The union originated in 1938 as the National Federation of Insurance Agents Council of the American Federation of Labor (AFL). It was chartered by the AFL, as the IAIU, on May 15, 1951. It affiliated to the new AFL-CIO in 1955, and by 1957, it had 11,000 members. On May 18, 1959, it merged with the Insurance Workers of America, to form the Insurance Workers' International Union The Insurance Workers' International Union (IWIU) was a labor union representing workers in the insurance industry in the United States and Canada. History The union was established on May 18, 1959, when the Insurance Agents' International Union m .... Throughout its history, the union was led by president George L. Russ. References {{reflist Insurance industry trade unions Trade unions established in 1951 Trade unions disestablished in 1959 ...
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Insurance Workers Of America
The Insurance Workers of America (IWA) was a labor union representing workers in the insurance industry, in the United States. The union was founded be the Congress of Industrial Organizations (CIO) on May 1, 1950, as the Insurance and Allied Workers' Organizing Committee. It was intended as a replacement for the United Office and Professional Workers of America, which had recently been expelled from the CIO, and 90% of the members of which worked in the insurance industry. It undertook a series of strikes, and as a result, in 1951 won the right to represent 6,000 workers at John Hancock Financial and Metropolitan Life Insurance. However, it was severely challenged by the rival Insurance Agents' International Union (IAIU), to which it lost 9,000 Prudential Financial workers. The union affiliated to the new AFL-CIO in 1955, and by 1957, it had 13,000 members. On May 18, 1959, it merged with the IAIU, to form the Insurance Workers' International Union. Presidents :1950: Allan ...
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United Food And Commercial Workers
The United Food and Commercial Workers International Union (UFCW) is a labor union representing approximately 1.3 million workers in the United States and Canada in industries including retail; meatpacking, food processing and manufacturing; hospitality; agriculture; cannabis; chemical trades; security; textile, and health care. UFCW is affiliated with the Canadian Labour Congress (CLC) and the AFL–CIO; it disaffiliated from the AFL–CIO in 2005 but reaffiliated in 2013. UFCW is also affiliated to UNI Global Union and the IUF. History The UFCW was created through the merger of the Amalgamated Meat Cutters and Butcher Workmen of North America (AMC) union and Retail Clerks International Union (RCIU), following the new union's founding convention in June 1979. William H. Wynn, president of the RCIU and one of the designers of the merger, became president of UFCW at the time of its founding. The merger created the largest union affiliated with the AFL–CIO. The UFCW contin ...
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Insurance Industry Trade Unions
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Trade Unions Established In 1959
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system A system is a group of Interaction, interacting or interrelated elements that act according to a set of rules to form a unified whole. A system, surrounded and influenced by its environment (systems), environment, is described by its boundaries, ... or network that allows trade as a market (economics), market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or Earnings, earning. The History of money#Emergence of money, invention of money (and letter of credit (finance), credit, paper money, and digital currency, non-physical money) greatly simplified and promoted trade. Trade between two traders ...
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