Who initiated the establishment of mutual fire insurance in 1835?

Zachariah Allen is recognized for initiating the establishment of mutual fire insurance in 1835. He played a significant role in the development of this innovative insurance model, which involved communities coming together to collectively protect their properties against fire damage. The establishment of mutual fire insurance allowed individuals and businesses to band together and share the risks associated with fire, providing a more sustainable and community-focused approach to fire loss prevention and recovery.

This model was particularly important in the early 19th century as urbanization and industrialization were increasing the risk of fire. By creating mutual fire insurance, Allen laid the groundwork for future advancements in fire safety and protection, ultimately influencing how insurance operates today and emphasizing the role of communal responsibility in fire prevention.