Commends Pan-American Life Insurance Company upon its centennial celebration.
The resolution does not change or enact laws but serves to honor the contributions of Pan-American Life Insurance Company to the local and broader insurance landscape. By acknowledging the company's milestone, the resolution illustrates the importance of long-standing institutions in enhancing the economic and social fabric of the region. It also emphasizes the historical and cultural ties between the company and the community of New Orleans, reflecting on how local businesses can thrive and evolve over a century.
Senate Resolution No. 9 commends Pan-American Life Insurance Company for its centennial celebration, marking 100 years of service in the life insurance industry. The resolution recognizes the historical significance of the company, highlighting its origins in 1911 when it was founded by Crawford H. Ellis alongside other key figures in New Orleans. The company, which initially aimed to address the insurance needs of Central and South American traders, has grown into a notable entity in the insurance sector, providing insurance options across numerous states and territories.
The sentiment surrounding SR9 is overwhelmingly positive as it celebrates an institution that has contributed significantly to the insurance industry and the economy. By employing over eight hundred people and generating considerable assets, Pan-American Life Insurance is portrayed as a pillar of the community. Legislators expressed pride in the company's achievements and its role in providing essential services, thereby fostering goodwill and support for local enterprises.
Since SR9 is a resolution of commendation rather than a formal piece of legislation, there appears to be minimal contention surrounding the bill. However, it may spark discussions about the role of businesses in local communities, particularly regarding their contributions to job creation and economic stability. Overall, the resolution serves to strengthen community ties and celebrate the legacy of a notable Louisiana-based company.