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The North American Trust Company was one of the building's earlier tenants, having obtained quarters at the American Surety Building by 1898. [48] Another early tenant was the Weather Bureau , which moved from its previous quarters at the Manhattan Life Building and installed a 100-foot-tall (30 m) steel pole atop the American Surety Building ...
The American Insurance Association (AIA) is an insurance industry trade association representing about 300 insurance companies that provide property insurance and/or casualty insurance in the United States. [1]
The Travelers Insurance Company was founded in Hartford by James G. Batterson, a stone contractor [12] who became aware for the first time of accident insurance for travelers (i.e., an early form of travel insurance) while traveling in England in 1859 from Leamington to London. [13]
In 2002, the company acquired Dickson Manchester Ltd. and MAG Global Financial Products. [21] [22] In 2004, the company acquired American Contractors Indemnity Company and RA&MCO Insurance companies. [23] [24] In 2005, the company acquired US Surety company, DeMontfort Group, Ltd., Perico Ltd., MIC Life Insurance, and the Ilium Insurance Group.
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
American Fidelity & Casualty, a sister company covering fleets of trucks and buses, also became the largest insurer of these risks in the United States. [3] In 1980, the company became an insurance carrier when Essex Insurance Company was incorporated and licensed to write excess and surplus lines business. [5]
Financial Guaranty Insurance Company; Fireman's Fund Insurance Company; First American Financial Corporation; First Colony Life Insurance Company; First Command Financial Services; Fortress Re; Fred Loya Insurance; Freeway Insurance
The company's residual railroad investments led to president and CEO John J. Burns serving on the board of Burlington Northern Santa Fe Corporation from 1995 to 2004. [citation needed] Now Alleghany Corporation focuses on the insurance business (property, casualty, surety and fidelity insurance).