| 1752 |
The Contributionship was founded by Benjamin Franklin and
a group of prominent citizens. |
| 1763 |
Directors of the Contributionship vote to pool interest on
contributors' deposits. Future losses would be paid out
of this common account. |
| 1768 |
The Pennsylvania assembly grants The Contributionship permission
to incorporate. |
| 1810 |
The practice of renewing policies after seven years gives
way to the unique "perpetual" policy. One deposit would
insure a dwelling from fire loss in perpetuity. |
| 1835 |
The Contributionship purchases the property at 212 South Fourth
Street and commissions Thomas U. Walter to design and build
the company's office. |
| 1897 |
Thanks to sound management, the company is able to commence
paying "safe and prudent" cash dividends on deposits.
Though not guaranteed, dividends have been paid every year since.
|
| 1960 |
Noting the trend toward multi-risk homeowners insurance, The
Contributionship forms a subsidiary company to write such coverage,
thus extending the types of protection available to policyholders.
|
| 1983 |
The Contributionship further expands its range of insurance
products with the introduction of a Perpetual Homeowners Policy.
An initial cash deposit grants you all the benefits of multi-risk
homeowners insurance "in perpetuity." |
| 1991 |
PC Security changed its trade name to Vector Security. |
