United States Fire Insurance Company Of New York
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United States Fire Insurance Company Of New York
The United States Fire Insurance Company of New York was an insurance company formed on April 9, 1824, with a capital stock A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capi ... of $250,000. The company grew to become an important provider of insurance nationwide, before ceasing operations some time after the 1970s. History The United States Fire Insurance Company of New York commenced business on April 9, 1824, with a capital stock of $250,000. The Principal Office for the company was located at 46 Pine Street in New York City. Joshua Sutton Underhill served as President of the company from 1849 until his death in 1858 at the age of 55. Elected to replace him was his younger brother, Abraham Sutton Underhill, who served as President for a further 25 years. At the time of Joshua's deat ...
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Fire Insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, cyber-attack, and theft. History Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the fire converted the development of insurance "from a matter of conv ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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William Wilson Underhill
William Wilson Underhill (13 September 1839 – 11 June 1935) was an American businessman who was president of the United States Fire Insurance Company of New York. He was educated at Burlington College and the University of Pennsylvania. In addition to his professional roles, he was a descendant of Captain John Underhill and served as the first president of the Underhill Society of America, a lineage society that was formed to perpetuate John Underhill's memory. Biography Underhill was born in New York City on September 13, 1839, the son of Ira B. Underhill (1800-1857), grandson of Joshua Underhill (1765-1839), and great-grandson of Isaac Underhill (1726-1814). Underhill was raised in Burlington, New Jersey and was graduated from the University of Pennsylvania. From 1859-1862 he served as a clerk in the insurance business. Underhill married Emily H. Griffin, the daughter of John L. Griffin who was a prominent member of the Society of Friends. He also served as a member of the ...
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Abraham S
Abraham, ; ar, , , name=, group= (originally Abram) is the common Hebrew patriarch of the Abrahamic religions, including Judaism, Christianity, and Islam. In Judaism, he is the founding father of the special relationship between the Jews and God; in Christianity, he is the spiritual progenitor of all believers, whether Jewish or non-Jewish; and in Islam, he is a link in the chain of Islamic prophets that begins with Adam (see Adam in Islam) and culminates in Muhammad. His life, told in the narrative of the Book of Genesis, revolves around the themes of posterity and land. Abraham is called by God to leave the house of his father Terah and settle in the land of Canaan, which God now promises to Abraham and his progeny. This promise is subsequently inherited by Isaac, Abraham's son by his wife Sarah, while Isaac's half-brother Ishmael is also promised that he will be the founder of a great nation. Abraham purchases a tomb (the Cave of the Patriarchs) at Hebron to be Sarah' ...
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Joshua S
Joshua () or Yehoshua ( ''Yəhōšuaʿ'', Tiberian: ''Yŏhōšuaʿ,'' lit. 'Yahweh is salvation') ''Yēšūaʿ''; syr, ܝܫܘܥ ܒܪ ܢܘܢ ''Yəšūʿ bar Nōn''; el, Ἰησοῦς, ar , يُوشَعُ ٱبْنُ نُونٍ '' Yūšaʿ ibn Nūn''; la, Iosue functioned as Moses' assistant in the books of Exodus and Numbers, and later succeeded Moses as leader of the Israelite tribes in the Hebrew Bible's Book of Joshua. His name was Hoshea ( ''Hōšēaʿ'', lit. 'Save') the son of Nun, of the tribe of Ephraim, but Moses called him "Yehoshua" (translated as "Joshua" in English),''Bible'' the name by which he is commonly known in English. According to the Bible, he was born in Egypt prior to the Exodus. The Hebrew Bible identifies Joshua as one of the twelve spies of Israel sent by Moses to explore the land of Canaan. In Numbers 13:1, and after the death of Moses, he led the Israelite tribes in the conquest of Canaan, and allocated lands to the tribes. According to bibl ...
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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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Capital Stock
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or pa ...
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National Fire Insurance Company Of Hartford
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900-1924 * National Supermarkets, a defunct American grocery store chain * National String Instrument Corporation, a guitar company formed to manufacture the first resonator ...
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Financial Services Companies Established In 1824
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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American Companies Established In 1824
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ...
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Insurance Companies Based In New York (state)
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 ...
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