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Today, the Automobile Club of Southern California's affiliated insurance company, the Interinsurance Exchange of the Auto Club, is one of California's largest insurers. [citation needed] It provides coverage for automobiles, homes, recreational vehicles, motorcycles and watercraft. It also provides umbrella (liability) insurance.
A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance policies to pool and spread risk. For consumers, reciprocal exchanges often offer similar policies to those offered by a stock company or a mutual insurance company.
The American Automobile Association (AAA) was founded on March 4, 1902, in Chicago, Illinois, in response to a lack of roads and highways suitable for automobiles. [4] [5] At that time, nine motor clubs with a total of 1,500 members banded together to form the AAA.
State Automobile Mutual Insurance Company, commonly shortened to State Auto Mutual or State Auto, is an American insurance company based in Columbus, Ohio. It was incorporated in 1921 as the first casualty insurance company to be headquartered in Columbus. [1] [2] In 2022, it was acquired by Liberty Mutual for approximately $1 billion. [3]
The automobile insurance market in the United States is a 308 billion US dollar market. [ 17 ] Every state has a different minimum coverage requirement, making auto insurance coverage more expensive in some states than others, [ 18 ] but they remain lower than the minimum amounts of insurance coverage of most EEA countries involved in the Green ...
United Services Automobile Association; [7] Interinsurance Exchange of the Automobile Club; [8] Erie Indemnity Company; [9] Farmers Group Inc; [10] These types of insurance syndicates are operated by Attorneys-in-Fact.
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