War Risk Insurance Act
Encyclopedia
The War Risk Insurance Act was a piece of legislation passed by the United States Congress
in 1914 to ensure the availability of marine insurance
during World War I. It established a Bureau of War Risk Insurance within the Treasury Department
to provide insurance policies and pay claims. In 1917, the War Risk Insurance Act of 1917 amended the insurance program to make life insurance
coverage available to sailors in the United States Merchant Marine
.
Henry D. Lindsley
served as director from December 1918 to August 1920. He was followed by R. A. Cholmeley-Jones.
website.
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....
in 1914 to ensure the availability of marine insurance
Marine insurance
Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination....
during World War I. It established a Bureau of War Risk Insurance within the Treasury Department
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
to provide insurance policies and pay claims. In 1917, the War Risk Insurance Act of 1917 amended the insurance program to make life insurance
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
coverage available to sailors in the United States Merchant Marine
United States Merchant Marine
The United States Merchant Marine refers to the fleet of U.S. civilian-owned merchant vessels, operated by either the government or the private sector, that engage in commerce or transportation of goods and services in and out of the navigable waters of the United States. The Merchant Marine is...
.
Henry D. Lindsley
Henry D. Lindsley
Henry Dickinson Lindsley , banker and insurance, was mayor of Dallas 1935-1937.-Biography:Henry Dickinson Lindsley was born on February 28, 1872 in Nashville, Tennessee to and Louise Gundry Dickinson. His father was a judge and his maternal uncle, Jacob M. Dickinson, was a judge and the Secretary...
served as director from December 1918 to August 1920. He was followed by R. A. Cholmeley-Jones.
Sources
History of US Government Involvement in Insurance , United States Department of Veterans AffairsUnited States Department of Veterans Affairs
The United States Department of Veterans Affairs is a government-run military veteran benefit system with Cabinet-level status. It is the United States government’s second largest department, after the United States Department of Defense...
website.