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Liberty Mutual created a 2006 television commercial depicting people doing good for others, reporting that the "overwhelming" positive response led to its decision to create the website The Responsibility Project. [18] Liberty Mutual is the sole corporate sponsor of the long-running PBS documentary series American Experience.
Markel gained access to specialty international markets in 2000, when Terra Nova Holdings, Ltd. was acquired and the London office opened. [7] Branch offices later opened in the UK, Europe, Asia Pacific, and Canada. With a "permanent capital" investing approach, Markel Ventures acquired AMF Bakery Systems in 2005 and continued to acquire other ...
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.
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In September 2008, the company was acquired by Liberty Mutual Insurance for $6.2 billion in cash. [23] In February 2010, Safeco donated more than 800 pieces of its art collection, valued at $3.5 million, to a consortium of museums, the Washington Art Consortium. [24]
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The "mutual holding company" structure was first introduced in Iowa in 1995, and has spread since then. [5] There have been concerns that the mutual holding company conversion is disadvantageous for the owners of the company, the policyholders. [6] The major disadvantage of mutual insurance companies is the difficulty of raising capital. [7]
Ohio Mutual Insurance Group was founded in 1901 as the Ohio Mutual Tornado, Cyclone and Windstorm Company, offering insurance to farmers. [7] It was incorporated in Columbus, Ohio and its first office was established in Bucyrus above what is now the FC Bank on Washington Square.