FREE 2008
Annual Report

Our History

In 1915, the National Association of Dyers & Cleaners (now International Fabricare Institute) organized the National Association of Dyers & Cleaners Inter-Insurance Exchange (now the Exchange).

In those days, there was one very good reason to choose the Exchange: no one else would insure cleaners because disastrous fires and explosions accompanied the early use of gasoline and naphtha in cleaning plants.

In the words of Albert Morgenthaler, "We tried every way we could to get insurance, but no one would write us. Finally John (Corley) organized the National Association of Dyers & Cleaners Inter-Insurance Exchange."

John L. Corley, L.L.D., as Secretary of the National Association of Dyers & Cleaners (now International Fabricare Institute), was the driving force behind the formation of the insurance exchange (now the Exchange). He was elected to the International Fabricare Institute's Hall of Fame in 1980.

Since the Exchange's inception, its operations have been managed by John L. Corley, Inc. as Attorney-in-Fact.

From our scrapbook

NIE has a wonderful collection of industry ads and memorabilia throughout the years.

Please visit our scrapbook to view more glimpses of our history.