Last year about this time, we talked about Insurance and Patriotism. Memorial and Flag Day have recently passed, and Independence Day is right around the corner so I thought this would be a good time to speak to you about Veterans and Medicare and Medicare for Veterans.
Before we get into that, do you know the history behind Flag Day?
June 14th is the anniversary of the adoption of the stars and stripes as official flag in 1777. After three decades of state and local celebrations, Flag Day was officially established by the Proclamation of President Woodrow Wilson on May 30th, 1916. In 1949 President Truman signed an Act of Congress designating June 14th as National Flag Day.
Amazing isn’t it that our government allows this day to be a Federal Holiday, although all Federal establishments may not honor it?
Now let’s talk about Veterans and Medicare….
On the heels of Memorial Day in May and Flag Day in June, July is the month of patriotism since the 4th is the day we celebrate the birth of our country as a nation, independent from English rule.
Even though our break from the British Empire came in 1776, Insurance was sold in the Colonies as early as 1735 in South Carolina. In 1772 Benjamin Franklin along with more than 70 business owners formed a mutual company called “The Philadelphia Contributorship for the Insuring of Houses from Loss by Fire.”
A couple of months ago we shared safety tips at festivals and parades. Independence Day is fast approaching so let’s look at some additional tips to keep the fun in your summertime.
Shades, hats and sunscreen are a given for any outdoor excursion, but here are a few more items:
While reading The South During Reconstruction – 1865-1877 (E Merton Coulter) I came across a bit of information about the insurance industry I found to be of great interest.
One such fact is that Southerners were prohibited from paying their insurance premiums due to the “laws” of war and thereby lost not only their coverage, but all monies they had paid into the policies. This meant millions of dollars were forfeited to Northern insurance companies.
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