Encyclopedia Dubuque
"Encyclopedia Dubuque is the online authority for all things Dubuque, written by the people who know the city best.”
Marshall Cohen—researcher and producer, CNN
Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
DUBUQUE FIRE AND MARINE INSURANCE COMPANY
DUBUQUE FIRE AND MARINE INSURANCE COMPANY. Prosperous local insurance company. Opened for business on July 18, 1883, the company was founded by Nicholas J. SCHRUP, Sr. who served as the secretary and general manager.
Other well-known Dubuque businessmen associated with the company were John J. LINEHAN who owned a half-interest in the DUBUQUE STREET RAILWAY COMPANY and Anthony F. HEEB, the secretary and treasurer of the DUBUQUE BREWING AND MALTING COMPANY.
Capitalized at $100,000, the company in 1890 had assets over $140,000. By 1897 the firm had become one of the largest of its kind in Iowa with 50,000 policies issued and assets of $350,000.
In August, 1958 the Schrup family sold the business to John D. MacArthur and Bankers Life of Chicago. At the time of the sale, the company had $135 million in assets and insured over three million policy holders. The company moved out of Dubuque in 1961 when the name was changed to Bankers Multiple Line, and the offices were moved to Chicago.
In 1967 the remaining records of the company stored in the Fischer Building were moved to Des Moines.
[[Image:dubuquefire.png|left|thumb|150px|Brass paperweight honoring the fiftieth anniversary of the company.]
