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The second annual meeting of the American Life Underwriter's Convention met in New York with more than a dozen of the largest insurance companies in the nation attending. Frederick S. Winston of the Mutual Life Company presided, with Morris Franklin of New York Life as vice-president. Figures presented indicated that in 1860 American companies currently insured 160,000 lives in the total amount of $180,000,000 and had assets of $22,000,000. (By John Osborne)
Source Citation
James Munroe Hudnut, The Semi-Centennial History of the New York Life Insurance Company, 1845-1895 (New York: New York Life Insurance Company, 1895), 58-59.