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Celebrating Memorial Day. The Iconoclast wonders if globalization, corporate downsizing and technology will affect the insurance industry and how Americans celebrate Memorial Day in the future. (Photo: Shutterstock)

There is much to remember each Memorial Day, the military, family picnics, parades, our great nation.

The first claim I settled when assigned to Philadelphia in the mid-1960s was a dog bite claim for the Philadelphia Contributionship, that fire insurance company founded by Ben Franklin in 1752. Later, I received a “firemark” for the Contributionship, but had to promise never to take it into the Commonwealth of Pennsylvania: it constituted an unissued policy!

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