Hanover Insurance History and Dividend History – Respected visitors, in this article we will discuss the history of the establishment of Hanover Insurance. This organization has a long history. The company has set the longest and proudest record in the insurance sector.
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Hanover Insurance History From 1852– To 1865
In 1852 The first Hanover Fire Insurance opens in Manhattan’s Hanover Square. John Wickoff, president of Hanover Insurance, then thought of a long-term investment. The company then hired Samuel S. Co, a businessman from Cleveland, Ohio, as its first independent agent.
1855 – Hanover insurance began community collaboration by donating to NYC widows and orphans.
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1864 – At this time America was expanding to the west. Forms a general agency to provide services to the people of this extended section.
Hanover Insurance History From 1866-To 1879
In 1866 About 1,600 buildings were gutted in a Portland maine fire in During this time the Hanover Insurance Company met all its demands and helped rebuild the city.
1871– About three square miles of the city of Great Chicago were burned. About $3 billion are lost. Hanover meets all demands.
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1872 – The fire in Boston, Massachusetts, burned about half the city. This time Hanover overcame a difficult challenge.
Covering the field 1880-1907
History of 1880– Many insurers, including retailer Marshall Field, financier JP Morgan, Westinghouse.
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1881 – During this time Hanover continues to increase its economic power. Hanover nearly doubled its capital in five years.
1886 – The Hanover Insurance Company hire its first agent in London, UK.
1906 – Hanover insurance suffers for Eartquake and fire level massive areas of San Francisco.
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