NLC Insurance || About Us || Yesterday

united states fire insurance company

New London County Mutual Fire Insurance Company was formed in Norwich, Connecticut in 1840 by a group of local businessmen. Their primary purpose was to insure homes, farms and public buildings.

At that time, much of the business written was in rural areas surrounding Norwich. By 1910, annual premiums were $180,000, the majority of which was farm business. In 1913, after having occupied leased quarters since the company was formed, NLC bought a new home office building at 59 Broadway, Norwich.

By the company’s 100 th anniversary in 1940, premiums had grown by less than $20,000 in 30 years to slightly under $200,000. However, considerable diversification had begun. Farm business had been reduced from nearly 70% of total premiums to only about 20%. NLC’s business was then being produced by over 75 independent agencies throughout Connecticut. The broader base of coverages and lar... http://insurance-auto.ucoz.com/news/united_states_fire_insurance_company/2013-05-27-2546