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In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
In 1981, as the United American Insurance Company, the company became a member of Globe Life, a financial services holding company, listed on the New York Stock Exchange NYSE: GL. [1] United American was chartered that year as a result of their business spreading across the United States. First UA wrote its first life insurance policy in 1986.
In 2017, UPC Insurance merged with American Coastal Insurance Co. [10] Journey Insurance Company offers homeowners and commercial residential property insurance through independent agents and brokers in Florida, South Carolina, and Texas. [11] It received an “A−“ Financial Strength Rating and “a-“ Issuer Credit Rating from A.M. Best. [12]
Lemonade, Inc. is an American insurance company. The company offers renters' insurance, homeowners' insurance, car insurance, pet insurance, and term life insurance in the United States, as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France.
The Liberty National Holding Company, created in 1979, expanded by acquiring United American, along with Globe Life and Accident Insurance Company and American Income Life. In the 1980s, the Liberty National Insurance Holding Company became Torchmark Corporation which then became Globe Life on August 8, 2019. [3]
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
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American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services.