Pacific Life

Pacific Life Insurance Company is an insurance company providing life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life also counts more than half of the 100 largest U.S. companies as clients. Pacific Mutual Life was founded in 1868 by former California Governor Leland Stanford in Sacramento, California. Stanford also was the first policy holder of the company. After Stanford died and his university (Stanford University) was strapped for money, his wife used the money from the policy to pay for professors. Starting in 1885, Pacific Mutual Life began issuing accident insurance, this was an innovative move for a life insurance company at the time. In 1906, Pacific Mutual Life merged with Conservative Life, a Los Angeles-based life insurance company. Following the 1906 San Francisco earthquake, Pacific Mutual Life's board of directors moved the company to Los Angeles. During the Great Depression, the company was hit with hard times and in 1936 in an effort to save both the policy holders and the company the insurance commissioner, Samuel L. Carpenter, encouraged the policy holders to become part owners of the company through mutualization. In 1955, Pacific Mutual Life became the first company west of the Mississippi River to use the brand new technology of Univac I. At Pacific Mutual Life's one-hundredth birthday the company celebrated with keynote speaker Ronald Reagan. In 1971, the company started Pacific Investment Management Company (PIMCO). The company moved its headquarters to their current Newport Beach, California location in 1972 when management decided that Newport Beach would provide a higher standard of living for their families. In 1997, the company dropped mutual from its name, changing it to Pacific Life Insurance Company. This reflects the company structure's change from a mutual ownership to a mutual holding company structure. Also in 1997, the company adopted the humpback whale as symbol of the company because of the whale's persistence, performance, and strength.[1] On May 30, 2007 Pacific Asset Management was created. Pacific Asset Management offers advisory services and institutional fixed income management. Pacific Asset Management focuses on credit oriented fixed income. Pacific Asset Management's investment team manages bank loans, high yield corporate bonds, investment grade bonds and money market securities. Pacific Asset Management provides their clients the ability to invest with an entrepreneurial, boutique investment group focused on fundamental credit analysis and supported by the scale and infrastructure of Pacific Life. Pacific Asset Management currently manage registered investment companies under the Investment Company Act of 1940 as well as separate accounts. The Pacific Life Foundation was established in 1984 and is headquartered in Newport Beach, CA. At year-end 2011, the Foundation's trust principal was approximately $63.5 million. In 2011, $5.5 million was contributed to over 400 agencies in the areas of health and human services; civic, community, and environment; education; and arts and culture[2] and $5.6 million is committed through 2012

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Hanover Insurance

The Hanover Insurance Group, Inc., based in Worcester, Massachusetts, is one of the oldest continuous businesses in the United States, still operating within its original industry. It was the original name of a property-liability insurance firm born in 1852, and it remained a publicly traded company under that name until the early 1990s, when it changed its name to Allmerica Property & Casualty Companies. In 1996 it spun off Allmerica Financial Corporation as a property and casualty insurance and financial services holding company, which then bought out the original firm, and grew to become one of the 500 largest publicly traded companies of the United States. In 2005, Allmerica Financial Corporation reverted its name to "The Hanover Insurance Group, Inc The Hanover Insurance Group was established in 1852. It paid a cash dividend to shareholders every year since 1853.[2] Though remaining a relatively small company over the next 1¼ centuries, Hanover's stock performed extremely well through the malaise of the 1970s, as did many small companies during that period. Between 1971 and 1983, Hanover's common stock price, from its low point early within that decade, multiplied in price by over 23 times at its eventual peak. During the late end of that period, in 1981, it split its shares three-for-two. The stock was traded publicly on the Over the Counter (OTC) exchange, as the NASDAQ was still commonly referred to back then.[2] The rapid growth of the company continued into the mid-1980s, and in 1984 it split again, two-for-one, and by 1985 nearly doubled in price once more, trading then at a high price/earnings ratio of 61. At that time the company was debt-free, and carried a book value of nearly US$330 million. However, by then the company's earnings had fallen to about a third of what they had been in the early 1980s.[2] In 1987, the company split its stock two-for-one again, and was yet again on its way to another double in price, even as its PE ratio dropped back down to a bargain five times earnings. Those earnings had grown to nearly US$100 million, more than double what the company had earned at the prior peak of 1981. Book value by 1987 stood at US$550 million.[2] However, by the early 1990s recession, Hanover's earnings had declined once more, to about US$50 million. Allmerica Property & Casualty Co In 1993, earnings reached another peak, up fivefold from the recession years, at over US$250 million. The stock price also reached another multi-year peak that year.[2] By 1994, Hanover Insurance had changed its name to Allmerica Property & Casualty Companies, Inc., and had moved from the NASDAQ to the New York Stock Exchange, where it traded publicly under the new symbol, APY. The company's rapid growth was back on track, as the company shares again split, three-for-one in 1994. By 1994, book value had doubled from the late 1980s to $US 1.2 billion.[2] In summer 1995 the stock price climbed above its 1993 peak high, as the economy came out of its soft landing, and PE ratios began their historic late 1990s ascent. Allmerica Financial[edit] In late 1995, the company spun off Allmerica Financial Corporation, with US$200 million long-term debt assigned to that company, as a new property and casualty insurance and financial services holding company. It held a diversified group of insurance and financial services companies with total assets of $19 billion. Allmerica Financial products included insurance and retirement savings accounts and group benefit programs, mostly variable annuity and variable life products. That company in turn owned about a majority 60% of the original entity, Allmerica Properties & Casualty Companies.[1][2][3] By year end 1995 the new independent holding company (AFC) had a book value of over US$1.4 billion, nearly identical in size to its debt-free predecessor, which remained a majority-owned also a publicly traded subsidiary of AFC.[2] On October 11, 1995, Allmerica Financial Corporation began to trade on the NYSE, under the new symbol AFC. The initial offering price was $21.00.[4] At the time, John F. O'Brien was the chief executive officer of Allmerica Financial Corporation.[3] By 1997, Allmerica Property & Casualty Companies was among the top 30 property and casualty insurers in the United States, based on net written premiums. By then its regional focus included Michigan as well as its traditional Northeast territory. It operated two primary subsidiaries. One subsidiary, The Hanover Insurance Company, was the company's original business.[3] And the second subsidiary, Citizens Corporation, was a publicly traded stock which issued personal property and casualty insurance.[3] It had been a dividend-paying public company since 1993. By 1996, Citizens Corporation had shareholders equity of over US$650 million.[2] On February 20, 1997 Allmerica Property & Casualty Companies, Inc. filed U.S. Securities and Exchange Commission (SEC) Form 8-K, following its announcement on the day before of its intention to be acquired by Allmerica Financial Corporation (AFC). The surviving company, AFC, would acquire the 40.5% of Allmerica P&C that it did not already own, for approximately US$800 million. Shareholders of APC would receive $17.60 in cash and 0.40 shares of AFC. The merger deal was expected to be completed by the third quarter of 1997.[3] The stock of Allmerica Property & Casualty Companies then ceased to trade, and its old ticker symbol APY was ultimately taken over on the AMEX exchange by Aspyra Inc., a microcap stock with US$20 million market capitalization.[5] On August 28, 2003, Frederick Eppinger was elected as President, Chief Executive Officer and Director of Allmerica Financial Corporation.[6] On September 18, 2003, Allmerica Financial Corporation announced that Robert P. Restrepo, Jr. had resigned as president of the Allmerica Property and Casualty Companies.[6] The Hanover Insurance Group[edit] On December 1, 2005, Allmerica Financial Corporation changed its name to The Hanover Insurance Group, Inc. and is the parent company of two divisions, Hanover Insurance and Citizens Insurance. It publicly trades under its new ticker symbol since that time. Those companies serve customers with auto, home and business insurance.[1] The Variable Life and Variable Annuity insurance businesses of Allmerica Financial Corporation became CommonWealth Annuity and Life Insurance Company, a Goldman Sachs Company.[1] In January 2009, CommonWealth Annuity and Life Insurance Company acquired First Allmerica Life Insurance Company (FAFLIC) from The Hanover Group.[7] FAFLIC includes closed blocks of traditional whole and term life insurance (originally issued by State Mutual Life Assurance Company of Worcester, MA), as well as variable annuities and variable universal life products sold in New York (originally issued by State Mutual Assurance Company).

FM Global

FM Global is a Johnston, Rhode Island-based mutual insurance company, with offices worldwide, that specializes in loss prevention services primarily to large corporations throughout the world in the Highly Protected Risk (HPR) property insurance market sector. "FM Global" is the communicative name of the company, whereas the legal name is "Factory Mutual Insurance Company". FM Global has been named the "Best Property Insurer in the World” by Euromoney Magazine
The company employs a non-traditional[2] business model whereby risk and premiums are determined by engineering analysis as opposed to historically based actuarial calculations. This business approach is centered on the belief that property losses can be prevented or mitigated. FM Global engineering personnel regularly visit insured locations to evaluate hazards and recommend improvements to their property or work practices to reduce physical and financial risks if a loss occurs During the depression of 1835, Zachariah Allen, a prominent textile mill owner, attempted to reduce the insurance premium on his Rhode Island, USA, mill by making property improvements that he believed would minimize the damage in case of fire. At that time, insurance premium increases for losses were shared among all insureds, regardless of individual loss history. The concept of loss prevention and control was virtually unheard of at the time. To Allen, a proactive approach to preventing losses made good economic sense. After making considerable improvements to his mill, Allen requested a reduction in his premium, but was denied. He called upon other local textile mill owners who shared his loss prevention philosophy to create a mutual insurance company that would only insure factories with lower risks. This approach should result in fewer losses and smaller premium payments. Whatever premium remained at the end of the year would be returned to policyholders in the form of dividends. The group agreed, and by year's end, formed the Manufacturers Mutual Fire Insurance Company, the oldest predecessor of FM Global. During the company's first 14 years, the mill owners and mutual policyholders of Manufacturers Mutual enjoyed an average 50-percent reduction in premium compared with what other insurance companies were charging. The fire prevention methods they developed, monitored by regular fire inspections for mill policyholders, resulted in fewer losses. Despite its initial success, one problem remained for the pioneer mutual insurance company: a single mutual insurance company could not withstand the financial cost of the loss of an entire plant. More insurance capacity was needed, so in 1848, Allen formed another mutual insurance company, Rhode Island Mutual. n 1850, Boston Manufacturers Mutual Fire Insurance Company, the third-oldest FM Global predecessor, was created when Allen convinced a Boston merchant with significant cotton-mill ownership to form his own mutual insurance company with like-minded Boston mill owners. Throughout the next 20 years, other mutual insurance companies were added to the group roster. Together, these companies and the ones that later evolved soon became known as the Associated Factory Mutual Fire Insurance Comp anies, or the Factory Mutuals, for short. Loss information helped identify specific industry hazards and was used in developing loss control recommendations for policyholders in similar industries. Such information was shared among all the Factory Mutual (FM) insurance companies, and was utilized by the inspection teams. As the FM companies grew, however, the inspection workload became difficult to manage. By 1878, the FM companies formed a dedicated unit to handle the collective inspection activities for all the FM policyholders. This unique group of loss control specialists initially provided only inspection services. The group later began performing appraisals and adjustments, loss analysis and research activities associated with preventing fire and other hazards in order to benefit the mutual insurance company owners and their policyholders. Today, all of these services remain components to FM Global in the form of engineering and research. The FM companies' main interests in the late 19th century and early 20th century remained focused on researching and developing products or techniques that would help mitigate property risks and advance the efforts of property conservation. In 1874, a revolutionary form of loss control entered the loss prevention scene: the fire sprinkler. While the invention was originally designed outside the realm of FM, FM's further development and promotion of the sprinkler head aided in its eventual widespread use and acceptance

insurance gen re

General Reinsurance Corporation’s history began in 1921 as the General Casualty and Surety Reinsurance Corporation, before it took over the U.S. business of the Norwegian Globe Insurance Company of Christiania, Norway In 1923, American investors acquired the company and changed the name to General Reinsurance Corporation. In 1928, the General Alliance Corporation was organized to acquire and hold the shares of General Reinsurance Corporation, as well as a half interest in the holdings of the Royal Exchange Assurance Group (London) in the United British Insurance Co., Ltd. In 1929, the General Alliance Corporation owned all the stock of General Reinsurance Corporation, and jointly with the Royal Exchange Group, a controlling interest in the United British. The United British Insurance Co., Ltd. established a U.S. branch that transacted casualty reinsurance as a "running mate for the General, and has the same management as the General. The two companies transact practically all forms of casualty and surety reinsurance and constitute the first example of a 'Group' in the history of American casualty reinsurance." Also in 1929, General Reinsurance affirmed that it would be only a direct reinsurer. In 1945, General Reinsurance merged with Mellon Indemnity Corporation. In 1954, the company created the first professional casualty facultative reinsurance department. Property facultative followed, beginning in 1956. North America branch offices were opened during this time. In the 1950s, General Reinsurance began writing reinsurance internationally, expanding in this area during the 1960s and 1970s. The company continued to grow through the next two decades, opening more U.S. and Canada branch offices and making various acquisitions. The company moved its headquarters from New York City to Greenwich, Connecticut in 1974, and then to Stamford, Connecticut in 1984. In 1980, General Re Corporation, the parent holding company, was listed on the New York Stock Exchange. In 1994, General Reinsurance Corporation formed an alliance with what was then Cologne Re (Kölnische Rückversicherungs-Gesellschaft, which was founded in 1846), now General Reinsurance AG. In 1998, General Re Corporation was acquired by Berkshire Hathaway Inc., and in 2003 General Reinsurance Corporation and Cologne Re began marketing under the brand name of Gen Re.[6] In 2009, General Reinsurance Corporation completed its purchase of Cologne Re,[7] whose name was changed to General Reinsurance AG in 2010.[8] The company continues to market globally as Gen Re. In October 2000, some Wall Street analysts questioned the decline in American International Group (AIG) loss reserves.[9] In an effort to quell these concerns, AIG entered into two sham reinsurance transactions with Cologne Re Dublin, a subsidiary of General Reinsurance, that had no economic substance but were designed to add $500 million in phony loss reserves to AIG’s balance sheet in the fourth quarter of 2000 and first quarter of 2001. [9] [10] In 2005, New York Attorney General Eliot Spitzer began an investigation into the two reinsurance transactions. Soon afterwards, AIG came under market pressure, and admitted it had undertaken what could be construed as securities fraud. The staff admitted that the two reinsurance transactions had inflated AIG’s balance sheet and propped up AIG’s stock price. In the resultant stock crash, investors lost $500 million in investments.[10] Cologne Re Dublin's CEO, John Houldsworth, agreed to turn state's witness for the Department of Justice and Securities and Exchange Commission, in agreement for a plea bargain. Houldsworth then pleaded guilty to conspiring to commit securities fraud, resultantly facing a sentence of up to five years in prison and $250,000 in fines. The final sentencing was placed on hold, subject to consequential SEC prosecutions.[10] The DOJ subsequently undertook successful prosecutions against four former Gen Re executives and one former AIG executive: CEO Ronald Ferguson was sentenced to two years in prison and fined $200,000; CFO Elizabeth Monrad was sentenced to 18 months in prison and fined $250,000; Senior Vice President Christopher Garand was sentenced to a year and a day in prison and fined $150,000; Senior Vice President and Assistant General Counsel Robert Graham was sentenced to a year and a day in prison and fined $100,000; AIG's Vice President Christian Milton was sentenced to four years in prison and fined $200,000.[10] In 2009, in front of U.S. District Judge Christopher Droney in Hartford, Houldsworth apologized. He was resultantly fined $5,000 and ordered to perform 400 hours of community service during a two-year probation period. On August 1, 2011, the United States Court of Appeals for the Second Circuit vacated the five Gen Re and AIG defendants’ convictions and remanded the defendants for a new trial, holding that the reported drop in share prices could not be attributed to the two reinsurance deals

Gen Re

MetLife

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, or MetLife for short, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries.[2][3] The firm was founded on March 24, 1868. On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders.[5] The company went public in 2000.[6] Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East.[7] MetLife serves 90 of the largest Fortune 500 companies.[8] The company’s principal offices are located at 1095 Avenue of the Americas in Midtown Manhattan, New York City, though it retains some executive offices and its boardroom in the MetLife Building, located at 200 Park Avenue, New York City, which it sold in 2005 The predecessor company to MetLife began in 1863 when a group of New York City businessmen raised $100,000 to found the National Union Life and Limb Insurance Company. The company insured Civil War sailors and soldiers against disabilities due to wartime wounds, accidents, and sickness. On March 24, 1868, it became known as Metropolitan Life Insurance Company and shifted its focus to the life insurance business A severe business depression that began with the Panic of 1873 forced the company to contract, until it reached its lowest point in the late 1870s. After observing the insurance industry in Great Britain in 1879, MetLife President Joseph F. Knapp brought “industrial” or “workingmen’s” insurance programs to the United States – insurance issued in small amounts on which premiums were collected weekly or monthly at the policyholder’s home. By 1880, sales had exceeded a quarter million of such policies, resulting in nearly $1 million in revenue from premiums. In 1909, MetLife had become the nation’s largest life insurer in the U.S., as measured by life insurance in force (the total value of life insurance policies issued). In 1907, the Metropolitan Life Insurance Company tower was commissioned to serve as MetLife’s 23rd Street headquarters in Lower Manhattan. Completed two years later, the building was the world's tallest until 1913 and remained the company's headquarters until 2005. For many years, an illustration of the building (with light emanating from the tip of its spire and the slogan, "The Light That Never Fails") featured prominently in MetLife’s advertising.[14] By 1930, MetLife insured every fifth man, woman, and child in the United States and Canada.[15] During the 1930s, it also began to diversify its portfolio by reducing the percentage of individual mortgages in favor of public utility bonds, investments in government securities, and loans for commercial real estate.[15] The company financed the construction of the Empire State Building in 1929 as well as provided capital to build Rockefeller Center in 1931. During World War II, MetLife placed more than 51 percent of its total assets in war bonds, and was the largest single private contributor to the Allied cause. During the postwar era, the company expanded its suburban presence, decentralized operations, and refocused its career agency system to serve all market segments. It also began to market group insurance products to employers and institutions. By 1979, operations were segmented into four primary businesses: group insurance, personal insurance, pensions, and investments.[15] In 1981, MetLife purchased what became known as the MetLife building for $400 million from a group that included Pan American World Airways. Life insurance[edit] MetLife’s individual life insurance products and services comprise term life insurance and several types of permanent life insurance, including whole life, universal life, and final expense whole life insurance.[67][68] These services vary in regards to the duration and amount of coverage available and whether a medical exam is required for coverage. The company also offers group life insurance, provided through employers, which consists of term life, permanent life, and accidental death and dismemberment coverage.[69][70] MetLife is the largest life insurer in the United States, based on life insurance in-force.[8][66] Dental[edit] MetLife offers group dental benefit plans for individuals, employees, retirees and their families and provides dental plan administration for over 20 million people.[71][72] Plans include MetLife’s Preferred Dentist Program (PPO) and the SafeGuard DHMO (available for both individuals and employees in CA, FL, and TX). As of May 2010, MetLife’s dental PPO network included over 135,000 participating dentist locations nationwide while the dental HMO network included more than 13,000 participating dentist locations in California, Florida and Texas.[73] MetLife also administers dental continuing education program for dentists and allied health care professionals, which are recognized by the American Dental Association (ADA) and the Academy of General Dentistry (AGD).[74] Disability[edit] MetLife provides disability products for individuals as well as employee and association groups who receive them through their employer.[75][76] For individuals, the company’s individual disability income insurance can replace a portion of lost income if an individual is unable to work due to sickness or injury.[77] MetLife offers several individual disability income policies, including MetLife Income Guard, OMNI Advantage, OMNI Essential, Business Overhead Expense, and Buy-Sell.[78] The policy options provided by the company vary in terms of eligibility and the provided coverage. For groups, MetLife offers short term disability insurance and long term disability insurance.[79] Short term disability insurance is structured to replace a portion of an individual’s income during the initial weeks of a disabling illness or accident.[80] Long term disability Insurance serves to replace a portion of an individual’s income during an extended period of a disabling illness or accident.[81][82] The company also maintains an absence management product which allows employers to track and manage both planned and unplanned employee absences. The product, which MetLife calls MetLife Total Absence Management, is structured for businesses with 1,000 or more employees.[83] Annuities[edit] MetLife is among the largest providers of annuities in the world, recording $22.4 billion in sales during 2009.[84] MetLife offers annuities which consist of fixed annuities, variable annuities, deferred annuities and immediate annuities.[85] In 1921, MetLife was the first company to issue a group annuity contract.[86] More recently in 2004, it was the first insurer to introduce a longevity insurance product.[87] As of December 31, 2009, MetLife globally managed group annuity assets of $60 billion with $34 billion of transferred pension liabilities and provided benefit payments to over 600,000 annuitants per month.[88] Auto & Home[edit] MetLife Auto & Home is the brand name for MetLife’s nine affiliate personal lines insurance companies.[89] Collectively these companies offer personal lines property and casualty insurance policies in all 50 states and the District of Columbia.[90] The flagship company in the MetLife Auto & Home group, Metropolitan Property and Casualty Insurance Company, was founded in 1972.[89] MetLife Auto & Home companies presently have over 2.7 million active policies and service 58 of the Fortune 100 companies.[91][92] MetLife's home insurance solutions include homeowners insurance, condo insurance, renters insurance, insurance for landlords, and mobile home insurance.[93][94] The available policies for MetLife's home insurance provide coverage for possessions, property damage from natural disaster or theft, and various legal expenses incurred resulting from injuries sustained on an individual's property.[95] The companies also sell RV, ATV, boat, mobile home, collectible vehicle, and motorcycle policies[96] and offers flood insurance policies as a participant in the National Flood Insurance Program (NFIP), which is managed by the federal government.[97][98] MetLife's various types of coverage for auto insurance include liability protection, collision and comprehensive coverage, personal injury protection, rental car coverage, and uninsured and underinsured motorists coverage.[99][100] Through an arrangement with Hyatt Legal Plans, a subsidiary of MetLife, MetLife Auto & Home underwrites group legal plans in many states.[101] It was the first national insurer in the U.S. to offer identity-theft resolution services at no extra premium and as of 2012 continues to do so today in most U.S. states.[102][103] In 2010, MetLife Auto & Home began offering their GrandProtect plan in most states. This GrandProtect policy simplifies complex insurance needs by combining a client's home, valuable items, autos, RVs, and boats into one comprehensive policy package. The ultimate benefits to the consumer are having one bill, only one deductible, comprehensive coverage, and typically lower rates than trying to get each policy individually.[104] Other products[edit] MetLife’s products also include critical illness insurance.[105] Financial services include fee-based financial planning, retirement planning, wealth management, 529 Plans, banking, and commercial and residential mortgages.[106] The company also provides retirement plan and other financial services to healthcare, education, and not-for-profit organizations.[107] The MetLife Center for Special Needs Planning is a group of planners which serve families and individuals with special needs.[108] In 2014, MetLife launched MetLife Defender, a digital identity theft protection product

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auto Insurance

Auto-Owners Insurance

Auto-Owners Insurance is a group of insurance companies based in Delta Township, Michigan, just west of Lansing. The Company offers property and casualty insurance, including personal and commercial lines, as well as life insurance. It is the largest property and casualty insurance company headquartered in Michigan with over $16 billion in assets and over $5 billion in written premium. Auto-Owners was founded in 1916 and now has 94 full-service and claims branches nationwide. Subsidiary companies include: Auto-Owners Life Insurance Company, Home-Owners Insurance Company, Owners Insurance Company, Property-Owners Insurance Company and Southern-Owners Insurance Company.
Auto-Owners is a mutual insurance company and operates solely through local independent agencies. More than 6,200 agencies employing more than 37,000 agents nationwide represent Auto-Owners. The Company itself employs over 4,200 associates. The Company is ranked 428th on the Fortune 500 list, which lists companies in the United States by revenue, and it has been on the list for 12 straight years There's more to Auto-Owners Insurance Group than the name implies. In addition to auto coverage, the company provides a range of personal property/casualty and life insurance products to more than 3 million policyholders. Auto-Owners Insurance Group operates through subsidiaries including Auto-Owners Life Insurance, Home-Owners Insurance, and Property-Owners Insurance Company. Its Southern-Owners Insurance subsidiary offers property/casualty insurance in Florida. Auto-Owners Insurance also sells commercial auto, liability, and workers' compensation policies. Established in 1916, the company operates in 26 states nationwide and is represented by more than 6,000 independent agencies. Geographic Reach Auto-Owners operates 85 claims, underwriting, and marketing offices in its 26-state service territory. The company's largest markets are Florida and Michigan. Operations Auto-Owners' revenues come from insurance premiums, as well as investment income. The company's property/casualty business accounts for about 90% of revenues and 80% of profits, with the remainder coming from premiums and income from the life insurance segment. Financial Analysis Auto-Owners reported a 5% increase in net written premiums in 2011 to nearly $5.2 billion, primarily due to growth within the Auto-Owners Insurance, Auto-Owners Life, and Home-Owners Insurance divisions. Total revenues were some $5.7 billion, while net income was reported at $69 million. Strategy Auto-Owners is focused on growing its business by establishing strong relationships with independent agents and by diversifying its product offerings. The company has also expanded by adding sales and service facilities in new and existing markets. In 2011 Auto-Owners opened five new branch locations to handle claims in Ashville, North Carolina; Kennesaw, Georgia; Little Rock, Arkansas; Madison, Wisconsin; and Sioux Falls, South Dakota. The Little Rock location also provides underwriting. New construction that year included a backup data center in Traverse City, Michigan, and offices in Broomfield, Colorado, and Columbia, Missouri, to replace existing branches

Arbella Insurance Group

Arbella Insurance Group, headquartered in Quincy, Massachusetts, United States, is a regional property and casualty insurance company providing business and personal insurance in Massachusetts and Connecticut, as well as business insurance in Rhode Island and New Hampshire. Since its conception, Arbella Insurance Group has adopted the independent agent model, as opposed to several national insurance companies known as “direct writers,” who allow prospective customers to receive a quote instantly online, and to then purchase their insurance policies the same way. Arbella Insurance Group serves as a carrier, partnering with independent insurance agencies throughout New England to write lines of commercial and personal insurance for its customers In 1988, Kemper Insurance Group announced its intentions to withdraw from the Massachusetts auto market. A key piece of legislation was needed to make the company solvent in the Massachusetts market, and within 30 days, the key piece of legislation needed to form Arbella passed.[2] In 2008, the Massachusetts Commissioner of Insurance made the decision to “discontinue the practice of state-set rates for private passenger auto insurance and allow insurers to propose rates.” [3] A monumental occurrence for Massachusetts insurers, this decision came after the ill-fated 1977 attempt to allow full competition in the private passenger auto market.[4] John Donohue, President and CEO of Arbella, spoke about how his company would fare in this new climate of competition. He reported that Arbella was “not only ready to adapt, but also to succeed and prosper in this new business environment. Distractology 101 is a free training program currently offered by the Arbella Insurance Group Charitable Foundation, Inc. The mobile simulator, which travels to various New England schools, has been designed by The University of Massachusetts Amherst to train and educate new drivers on the dangers of distracted driving.[11] The program includes 45 minutes of instructional learning behind the wheel of a simulated car console. A web-based training component completes the program. Any driver, licensed for three or fewer years or who has their permit, is eligible for the free training. To date, 24 Arbella independent agents have hosted the tour, with more than 1,500 students completing the training.[12] Distractology 101 has gained national recognition for the positive impact it has had on high schools throughout the New England area, and its program continues to be in high demand Job Description Arbella Insurance Group is one of the leading insurance insurers in the Northeast. In order to achieve this, we work hard to attract and retain the best people to serve our customers. We developed our Total Rewards package for this reason, as well as to set us apart from other organizations. It not only includes competitive salaries, generous benefits, and incentive programs, but also work/life programs, personal and professional learning and development opportunities, flexible work arrangements, and a free shuttle service to the Quincy Adams T station. At Arbella, we know that the happiest and most productive employees are those who work in a great environment with people who share a common goal/vision, while maintaining a healthy life outside of work. We believe in investing in our employees and encourage our people to grow and expand their knowledge and skills so that we, too, may continue to grow as a company. It’s no wonder that we were recently awarded one of the Best Place to Work by the Boston Business Journal. Required Skills Excellent communication, customer service and collaboration skills. MA Personal Lines or Property & Casualty Producer License preferred. Required Experience Consistently achieve production Key Performance Indicators (KPI) and quality measurements as well as provide exceptional customer service to our internal and external customers. Work directly with co-workers and Team Manager to document procedures and work flows. Participate in cross training of co-workers and assist in identifying additional, individual training needs based on quality reviews. Participate in staff meetings to include presentations and demonstrations. Responsible for accurately accounting for all work completed on a weekly basis. Responsible for communicating to Team Manager all backlogs of work assignments in a timely manner. Maintain and modify procedural documents as needed. Keep Team Manager informed verbally and/or in writing of activities, and problems with assigned area of responsibility and refer matters beyond limits of authority and expertise to Team Manager for direction. Submit constructive suggestions to Team Manager regarding service and process improvements. Performs other related work as required or requested by the Team Manager Job Location Quincy, Massachusetts, United States Position Type Full-Time/Regular

amazing insurance

OMG

Amica Mutual Insurance

If you’re looking for the best home insurance in 2015, there are plenty of national and local insurance companies that will want your business. However, it’s hard to decide which company to pick with so many choices. Companies like Amica Mutual stand out in customer surveys, but they aren’t available everywhere. The best way to find fair rates on homeowners insurance is to get free online quotes from a variety of companies. This is the easiest way to understand what rates you might face. There’s more to take into account than just price, but it’s a good starting point. I’ve included a quote tool below so you can shop around right away. Enter your zip code in the box and click “Get Quotes” and you’ll be presented with a list of 3-5 of the best homeowners insurance companies in your area. You can research policies from each provider and determine which is the best fit for your home and your budget. What Does Home Insurance Cover? The main reason you buy an insurance policy is for the coverage it provides. State Farm stands out for offering excellent coverage options, some of which include: Dwelling Coverage: The part of your policy that helps pay to repair or rebuild your home if damage is the result of a covered loss. Critical home components like plumbing, electrical wiring, or your HVAC system fall into this category. Liability Insurance: Helps protect your assets and cover costs associated with a lawsuit when you or a family member are responsible for injuring another person, or if someone is injured on your property. (For example, if your dog bites your neighbor.) It also provides coverage if you or a family member causes damage to another person’s property. $100,000 is a good benchmark for liability coverage, but this will vary depending on the size of your home and the assets you need to protect. Other Structures: Covers the cost of repairing (or rebuilding) detached garages, sheds, and other similar structures. Personal Property Coverage: Covers your clothing, electronics, furniture, and other personal property that is damaged or destroyed by a cause that is covered by your insurance. Most top insurance companies provide checklists, personal property calculators, or other resources to help you document your belongings. For example, Liberty Mutual provides a mobile app where you can upload pictures, receipts, and more. Loss of use: If your home is damaged to a degree that you have to temporarily move out while it is being repaired, loss of use will help pay your housing and living expenses. Guest Medical Coverage: Provides coverage for medical bills and related expenses when someone is injured on your property, but they do not want to sue you. $1,000 per person is a common level of coverage, though some homeowners choose to take out an extension for added protection. Most of the top homeowners insurance carriers offer similar types of coverage. The best way to find the right homeowners insurance package is by comparing rates and coverage options through an online quote. Factors that Influence Home Insurance There are several factors that influence the cost of your homeowners insurance policy. You won’t be able to change or control many of these factors. However, identifying the characteristics you can modify and making the appropriate adjustments can help you keep your rates low. The most common factors that influence your homeowners insurance premium include: Home’s age and type of construction: If your home is older, there’s a higher chance there will be problems with major components like plumbing, electrical wiring, and HVAC systems. New homes are less susceptible to these major problems. Location: If you live in an area prone to natural disasters, with a relatively high crime rate, or located far from emergency services, expect to pay more for your policy. Claims History: If you file several claims a year, you are more likely to pay a higher premium. Risk Factors: If your home has a swimming pool, aggressive dog, trampoline, or other characteristic deemed risky, you’ll likely pay a higher premium. Credit Score: Your credit score (whether good, bad, or average) has an impact on the price of your policy. Deductible: The level of deductible you choose plays a role in the price of your coverage. If you choose a high deductible, that means you have to pay more out of pocket if an incident does occur. The trade-off is a lower premium. (As a side note, I recommend sticking with a deductible you’re comfortable with. If your home is damaged, coming up with $1,000 is probably manageable. Coming up with $2,500 or $5,000 is probably going to be more difficult for most of us. Remember, your insurance won’t kick in until the deductible is met.) Coverage Amount: The amount of coverage you select will play a role in the price of your insurance. You can’t control the location of your home, but you do have a say in whether you get a trampoline or an aggressive dog. By choosing to minimize the risks that are in your power to control, you’re helping keep your premium low. Choosing the Best Homeowners Insurance Company Price In order to get the most accurate estimate of what your homeowners insurance will cost, I recommend utilizing the online quote tools found on the insurer’s website or the comparison tool I included at the top. To give you an idea of what insurance prices look like from some of the best insurance providers, I got a quote for a home in a Chicago suburb. These are the monthly quotes I received: Amica: $75.33 State Farm: $117.75 Liberty Mutual: $129 Farmers: $150 Amica came out to be considerably cheaper than the next provider in this scenario. Each homeowners insurance company asks for slightly different information, but as I went through each online tool I used the same profile with the following characteristics: Location: Address located in a Chicago suburb Home Value: $315,000 Deductible: $1,000 Size: 1,900 square feet Applicant Age: 40 Home Type: 1 story Roof Type: Asphalt shingle Payment Terms: Monthly The great thing about online tools is that you determine the exact type of coverage you want, select the level of your deductible, and choose the payment terms. It might take a little extra legwork, but online quote tools really do put the power in your hands to find the cheapest policy. Many online tools, like the one provided by Liberty Mutual, enable you to modify the coverage levels you select, so you can clearly see how changing one component directly impacts the price of your policy. (For example, you could enter a low value for your deductible, see what your rates look like, then enter a high value and see how your rates changed.) Homeowners Insurance Discounts All of the best homeowners insurance companies offer a variety of discounts. If you fail to take advantage of these discounts, you’re just leaving money on the table. To give you one example, if you took advantage of a multi-policy discount and bundled the same State Farm home insurance policy quoted above with an auto insurance policy, your monthly rate would drop from $117.75 to $76.50. That’s almost $500 in savings per year! When it comes to discounts, Liberty Mutual is one of the most competitive providers. Some of their discounts include: Multiple-policy Discount: Available if you have an auto, life, or other type of insurance policy with the same provider. Protective Device Discount Available if you have a home security system, sprinkler systems, fire alarms, or other security devices in your home. Claim-Free Discount: Available if you haven’t filed a claim over a certain period of time. Exclusive Group Savings Available if you have membership or affiliation with certain businesses or organizations. Liberty Mutual’s group savings network includes more than 14,000 employers, alumni associations, and professional associations. Newly Purchased Home: Available if you recently purchased your home. New/Renovated Home Available if you recently renovated your home. Early Shopper Discount: Available if you request a quote before your current policy expires. Insured to Value Discount: Available when you insure up to 100% of the cost to replace your home. Take advantage of Liberty Mutual’s discounts by completing an online quote on their website. The best homeowners insurance companies offer a high number of discounts, helping you keep your premium low. If you’re unhappy with your current policy or feel like you’re paying too much, you can always get a quote with a new provider that offers discounts that better match your profile. Selecting an insurance company that maps to your discount profile can result in major savings. Claims The circumstances that surround filing a home insurance claim have the potential to make the whole ordeal quite stressful. When your home has been damaged, the last thing you want to do is go to battle with an insurance company that you’ve been making payments to for the last several years. Based on data from studies conducted by J.D. Power and Associates and ConsumerReports.org, when it comes to filing a claim there is a clear distinction between the different insurance companies. The company that excelled in both studies was Amica Mutual. Amica achieved the highest numerical score across all categories in the J.D. Power 2014 U.S. Household Insurance and Bundling Study. These six categories measure factors like Overall Satisfaction, Price, Policy Offerings, Claims, and other characteristics fundamental to quality homeowners insurance. Amica also ranked at the top of Consumer Reports’ homeowners insurance ratings. This study measures existing customers’ satisfaction with agent availability, the dollar estimate received when damages occur, and timely payment by the insurer. In the event that you do need to file a claim, it’s comforting to know you can easily contact your agent, be treated fairly, and get the money you need to make repairs quickly. Ranking exceptionally well in separate studies conducted by two of the most reputable companies is a good indicator that Amica is doing something right. (As a side note, the other insurance provider that ranked well in both studies is USAA. However, a major drawback of USAA is that membership is limited to those with military affiliation. If you, your spouse, or one of your parents have served in the military, USAA is definitely worth looking into.) Additional Protection In addition to the basic coverage options listed above, the policies of each major company include other types of coverage to complement the basic options outlined above. For example, Allstate also offers optional coverage for identity theft restoration, scheduled personal property, water backup, and more. Most home policies cover damage from wind and fire, but natural disasters like floods or earthquakes almost always have to be added on as an additional policy option. If you live in areas particularly susceptible to these threats, you should look into the catastrophic coverage options offered by the provider before making a purchase.