[Congressional Record (Bound Edition), Volume 162 (2016), Part 6]
[Senate]
[Page 7520]
[From the U.S. Government Publishing Office, www.gpo.gov]




 RECOGNIZING THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY

 Mr. MURPHY. Mr. President, 150 years ago, as the United States 
and the world advanced out of the industrial revolution, several young 
businessmen formed the Hartford Steam Boiler Inspection and Insurance 
Company, HSB, in Hartford, CT. I am proud to represent this company and 
want to congratulate HSB on its 150th anniversary for its vital 
contribution to the economy of Connecticut, as well as the rest of the 
Nation.
  During the industrial revolution in the mid-to-late 19th century, 
steam boilers were used to drive industrial machinery, locomotives, and 
steamboats. Steam-powered engines allowed for the rapid growth and 
expansion of industry in the United States; these engines enabled the 
effective transportation of goods across the country. Steam power also 
permitted factories in Connecticut to produce and market goods more 
efficiently than ever before.
  The tremendous benefits provided by steam engines and boilers, 
however, came with considerable risks. During the 1850s, boiler 
explosions occurred at an estimated rate of once every 4 days. 
Believing that better materials, better design, and regular inspections 
could reduce the number of dangerous boiler explosions, in 1857, 
several Hartford entrepreneurs started ``the Polytechnic Club,'' as a 
means to discuss practical changes to boilers that could mitigate the 
chances of worker injury and death. These discussions helped lead to 
the formation of HSB.
  The Hartford Steam Boiler Inspection and Insurance Company was 
officially founded in 1866 on the premise that quality boiler 
inspections would enhance industrial safety, and that insurance 
provides a valuable financial incentive to ensure businesses conduct 
these inspections. From its founding, HSB's primary goals have been to 
improve safety and prevent losses for industrial businesses.
  Today HSB continues to set the standard for equipment breakdown 
insurance, as well as a variety of other insurance products. I am proud 
to honor this company's long and distinguished role in America's 
industrial economy. Congratulations to the Hartford Steam Boiler 
Inspection and Insurance Company, and best of luck in the years to 
come.

                          ____________________