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Reliance Insurance
Reliance Insurance Company, now officially known as Reliance Insurance Company n Liquidation was founded in Philadelphia in 1817 and has undergone numerous corporate makeovers in the intervening years. As of October 3, 2001, the company has been in liquidation. As of 2020, Reliance was still in liquidation. History 1817–1968 Reliance was founded in 1817, officially incorporating in 1820, as the Fire Association of Philadelphia, organized by 5 hose and 11 engine fire companies. Upon inception, Reliance became the nation's first successful association of volunteer fire departments, which beforehand had been independent of one another and often engaged in inefficient competition, which at times extended to the destruction of rivals' equipment and the assault of rival firefighters. In addition to underwriting fire insurance, the association served as mediator between its member engine and hose companies to resolve the problems of the past. The association's first policy was b ...
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Insurance Company
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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Walt Disney Co
Walt is a masculine given name, generally a short form of Walter, and occasionally a surname. Notable people with the name include: People Given name * Walt Arfons (1916-2013), American drag racer and competition land speed record racer * Walt Bellamy (1939-2013), American National Basketball Association player, two-time Basketball Hall of Fame inductee * Walt Bellamy (ice hockey) (1881-1941), Canadian hockey player * Walter Blackman, American member of the Arizona House of Representatives * Walt Bowyer (born 1960), American former National Football League player * Walt Brown (politician) (born 1926), American politician * Walt Clago (1899-1955), American football player * Walt Corey (born 1938), American former National Football League player * Walt Disney (1901-1966), American film producer, director, screenwriter, voice actor, animator, entrepreneur and philanthropist * Walt Dropo (1923-2010), American Major League Baseball and college basketball player * Walt Frazier (born ...
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Pennsylvania Insurance Department
The Pennsylvania Insurance Department is a cabinet-level agency in Pennsylvania, United States. It was founded in 1873 and has several main functions, including: * To audit insurance companies' finances * Issue licenses to insurance industry individuals and companies * Regulate insurance policies and rates See also * List of Pennsylvania state agencies State related agencies of the Commonwealth of Pennsylvania. Agencies *Pennsylvania Attorney General *Pennsylvania Auditor General * Pennsylvania Board of Probation and Parole * Pennsylvania Department of Aging *Pennsylvania Department of Agricult ... References External links * State agencies of Pennsylvania Government agencies established in 1873 1873 establishments in Pennsylvania {{Pennsylvania-stub ...
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Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ...
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Leucadia National
Jefferies Financial Group Inc. is an American financial services company based in New York City and listed on the Fortune 1000. Investments The company's major holdings are as follows: Financial Services * Jefferies Group (100%) - investment banking & capital markets * Berkadia Commercial Mortgage (50/50 joint venture with Berkshire Hathaway) - commercial mortgage banking, investment sales and servicing *HomeFed (65% ownership) - Builder of Master Planned Communities, Income Properties, Land Holdings *FXCM (49.9%) - online foreign exchange trading *Foursight Capital (100%) - vehicle finance Others * HRG Group (23%) - insurance and consumer products * Vitesse Energy (96%) - oil and gas exploration and development * Juneau Energy (98%) - oil and gas exploration and development * Garcadia Holdings (75%, Joint venture with Ken Garff Automotive Group) - automobile dealerships * Linkem (57%) - fixed wireless broadband services * Golden Queen (35%) - a gold and silver mining project * ...
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Commonwealth Court Of Pennsylvania
The Commonwealth Court of Pennsylvania is one of Pennsylvania's two intermediate appellate courts. The Commonwealth Court's headquarters is in Harrisburg, Pennsylvania, with jurisdiction over administrative and civil public law. The Superior Court of Pennsylvania is the other intermediate appellate court in the Pennsylvania Unified Judicial System, having jurisdiction over criminal and private civil cases. The jurisdiction of the nine-judge Commonwealth Court is limited to appeals from final orders of certain state agencies and certain designated cases from the Courts of Common Pleas involving public sector legal questions and government regulation. The Commonwealth Court also functions as a trial court in some civil actions by or against the Commonwealth government and cases regarding statewide elections (42 Pa.C.S. §§ 761–764). Article V, section 4 of the 1968 Pennsylvania Constitution created the Commonwealth Court. Acts enacted in 1970 set up the court. Judges are ...
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1989 San Francisco Earthquake
The 1989 Loma Prieta earthquake occurred on California's Central Coast on October 17 at local time. The shock was centered in The Forest of Nisene Marks State Park in Santa Cruz County, California, Santa Cruz County, approximately northeast of Santa Cruz, California, Santa Cruz on a section of the San Andreas Fault System and was named for the nearby Loma Prieta, Loma Prieta Peak in the Santa Cruz Mountains. With an magnitude of 6.9 and a maximum Modified Mercalli intensity scale, Modified Mercalli intensity of IX (''Violent''), the shock was responsible for 63 deaths and 3,757 injuries. The Loma Prieta segment of the San Andreas Fault System had been relatively inactive since the 1906 San Francisco earthquake (to the degree that it was designated a seismic gap) until two moderate foreshocks occurred in June 1988 and again in August 1989. Damage was heavy in Santa Cruz County and less so to the south in Monterey County, California, Monterey County, but effects extended well to ...
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Stock Market Crash Of 1987
Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time zone difference from other English-speaking countries. All of the twenty-three major world markets experienced a sharp decline in October 1987. When measured in United States dollars, eight markets declined by 20 to 29%, three by 30 to 39% (Malaysia, Mexico and New Zealand), and three by more than 40% (Hong Kong, Australia and Singapore). The least affected was Austria (a fall of 11.4%) while the most affected was Hong Kong with a drop of 45.8%. Out of twenty-three major industrial countries, nineteen had a decline greater than 20%. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression. The degree to which the stock market cras ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Stephen M
Stephen or Steven is a common English first name. It is particularly significant to Christians, as it belonged to Saint Stephen ( grc-gre, Στέφανος ), an early disciple and deacon who, according to the Book of Acts, was stoned to death; he is widely regarded as the first martyr (or "protomartyr") of the Christian Church. In English, Stephen is most commonly pronounced as ' (). The name, in both the forms Stephen and Steven, is often shortened to Steve or Stevie. The spelling as Stephen can also be pronounced which is from the Greek original version, Stephanos. In English, the female version of the name is Stephanie. Many surnames are derived from the first name, including Stephens, Stevens, Stephenson, and Stevenson, all of which mean "Stephen's (son)". In modern times the name has sometimes been given with intentionally non-standard spelling, such as Stevan or Stevon. A common variant of the name used in English is Stephan ; related names that have found some cu ...
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New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ...
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Commonwealth Land Title Insurance Company
The Real Estate Title Insurance Company of Philadelphia was the world's first title insurance company.Craig, Mark R. ''Lawyer and Banker and Central Law Journal'', 1932 25: 134,What Is Title Insurance. Accessed 5 November 2008. Background Prior to the invention of title insurance, buyers in real estate transactions bore sole responsibility for ensuring the validity of the land title held by the seller. If the title were later deemed invalid or found to be fraudulent, the buyer lost their investment. In 1868, the case of Watson v. Muirhead was heard by the Pennsylvania Supreme Court. Plaintiff Muirhead had lost his investment in a real estate transaction as the result of a prior lien on the property. Defendant Watson, the conveyancer, had discovered the lien prior to the sale but told Muirhead the title was clear after his lawyer had (erroneously) determined that the lien was not valid. The courts ruled that Watson (and others in similar situations) was not liable for mistakes bas ...
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