International Insurance Society Turns 40 Since IIS founding, insurance industry has seen many changes

The world looked like a very different place 40 years ago in 1964, when the nonprofit educational group International Insurance Society Inc., then some 40-members strong, held its inaugural meeting in Austin, Texas.

That year, the cost of regular gasoline was 30 cents per gallon and color television was just making its way into the consumer market. On the U.S. music scene, Bob Dylan, the Grateful Dead and Jefferson Airplane were all the rage in the counter-culture movement. In sports, the all-powerful New York Yankees were in the World Series. (Well, maybe some things dont change that much.)

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