Insurance Hall of Fame

Insurance Hall of Fame

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Encyclopedia
The Insurance Hall of Fame
Hall of Fame
A hall of fame, wall of fame, walk of fame, walk of stars or avenue of stars is a type of attraction established for any field of endeavor to honor individuals of noteworthy achievement in that field...

is an international list of business leaders in the insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 field. It was founded in 1957 and has more than 100 inductees. It is kept by the University of Alabama
University of Alabama
The University of Alabama is a public coeducational university located in Tuscaloosa, Alabama, United States....

 in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. Its first inductee was Benjamin Franklin
Benjamin Franklin
Dr. Benjamin Franklin was one of the Founding Fathers of the United States. A noted polymath, Franklin was a leading author, printer, political theorist, politician, postmaster, scientist, musician, inventor, satirist, civic activist, statesman, and diplomat...

, presumably for his efforts in establishing fire insurance
Property insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main...

 companies in Philadelphia. The founder of GEICO
GEICO
The Government Employees Insurance Company is an auto insurance company. It is a wholly owned subsidiary of Berkshire Hathaway that as of 2007 provided coverage for more than 10 million motor vehicles owned by more than 9 million policy holders. GEICO writes private passenger automobile insurance...

, Leo Goodwin, Sr.
Leo Goodwin, Sr.
Leo Goodwin is most noted for founding GEICO in 1936, with his wife Lillian Goodwin, while the Great Depression was still in full fury.-Background:...

is also on the list.