PRINTER'S NO. 173
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE RESOLUTION
No.
25
Session of
2019
INTRODUCED BY WHITE, FEBRUARY 4, 2019
INTRODUCED AND ADOPTED, FEBRUARY 4, 2019
A RESOLUTION
Designating the month of February 2019 as "Mutual Insurance
Month" in Pennsylvania.
WHEREAS, Pennsylvania is the birthplace of America's
insurance industry; and
WHEREAS, The first insurance company, The Philadelphia
Contributionship, a mutual insurance company founded by Benjamin
Franklin in 1752, is still meeting consumers' insurance needs
today; and
WHEREAS, Mutual insurance companies are a major economic
force in this Commonwealth, with $3.4 billion or more in
property and casualty insurance premiums to meet the insurance
needs and resolve insurance claims for residents and businesses
in this Commonwealth, plus the thousands of jobs generated by
these companies; and
WHEREAS, Mutual insurance companies are a significant
contributor to State and local governments because of the
premium taxes they pay to the State and property taxes they pay
to municipalities and school districts; and
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WHEREAS, The contribution of mutual insurance companies to
Pennsylvania communities cannot be overstated given that mutual
insurance companies are at the core of community service and
contribute significantly to the cultural and social life of
their communities; and
WHEREAS, The Pennsylvania Association of Mutual Insurance
Companies has communicated the value of mutual insurance
companies to this Commonwealth and to Pennsylvania consumers
since 1907; therefore be it
RESOLVED, That the Senate designate the month of February
2019 as "Mutual Insurance Month" in Pennsylvania in honor of the
positive contributions made by Pennsylvania's mutual insurance
companies and wish the management, employees and policyholders
of mutual insurance companies good fortune in the days to come.
20190SR0025PN0173 - 2 -
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