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In April 2015, Kemper acquired Alliance United Insurance Company, one of the fastest growing auto insurance providers in the State of California.Source: [14] In July 2018, Kemper acquired Infinity Property and Casualty Corporation (NASDAQ: IPCC), an auto insurance provider focused on serving the specialty, nonstandard segment, in a cash and stock transaction valued at approximately $1.4 billion.
CNA, the current parent company, was incorporated in 1967. CNA is the seventh largest commercial insurer in the United States as of 2018. [3] CNA provides property and casualty insurance products and services for businesses and professionals in the U.S., Canada, Europe and Asia. CNA itself is 90% owned by a holding company, Loews Corporation. [4]
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.
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]
In 1947 the company changed its name to Combined Insurance Company of America. [2] Between 1959 and 1963 the company expanded into Australia, then Puerto Rico and the Bahamas, then into Europe with the addition of England [3] and Northern Ireland. In 1962 Stone authored the self-help book The Success System That Never Fails. (ISBN 978-0-671 ...
Howell Palmeroy Skoglund (known as H. P. Skoglund) was the company's president from 1933 to 1965 as well as one of the original owners of the Minnesota Vikings. [4] In 1979, North American Life and Casualty Co. was acquired by Allianz, a German conglomerate, which renamed the company Allianz Life Insurance Co. of North America in 1993. [4] [5]
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AmTrust Financial Services, Inc., is a New York City-based multinational property and casualty insurance company, offering workers’ compensation, general liability, business owners policies (BOP), cyber liability, employment practices liability (EPLI) and more.
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