Hail to the Chief: Presidents and Insurance
If you were like many Americans over this past weekend you may have noticed an uptick in car dealership commercials featuring men in stovepipe hats and powdered wigs. That’s right, Monday was President’s Day, which began as a celebration of George Washington’s birthday (February 22) and was later expanded to include celebrations of Abraham Lincoln’s birthday.
The Presidency has a long rich tradition of course, and at times our Presidents have found themselves not only making American history, but insurance history.
- In 1861 Abraham Lincoln purchased an insurance policy on his Springfield, IL home. That policy is the oldest record of the now infamous stag logo appearing on an insurance policy from The Hartford Financial Services Group. The stag continues to be The Hartford’s logo today.
- In 1919 Travelers Indemnity Company issued the very first insurance policy on aerial transportation. The first passenger covered under this type of policy was none other than US President Woodrow Wilson.
- After his failed Vice-Presidential run in 1920 and before he was one of the most highly regarded Presidents in history, Franklin Roosevelt worked for Fidelity and Deposit Co., a Maryland-based insurance company, running their New York City office from 1921 until he resigned in 1928 after being elected Governor of New York.
And sometimes our Presidents find themselves in situations most of us wouldn’t, so it should come as no surprise that sometimes they’re insured for the bizarre:
- In the 1780’s while both were serving as American diplomats in Europe, future President Thomas Jefferson wrote to future President John Adams about the premium for an insurance policy for American ships against being attacked by the Barbary Pirates.
- President Barack Obama is most famously associated with insurance for his 2009 health care law, but not as well known is that on a visit to Australia in 2011 he was the recipient of an insurance policy that protected him for up to $50,000 (Australian) against crocodile attack from Paul Henderson, Chief Minister for the Northern Territory.
If you ever find yourself wanting to be treated to “Presidential” levels of service and product offerings for your own insurance needs, contact a Trusted Choice ® Independent Insurance Agent.