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A.M. Best Withdraws Ratings of Select Members of State Auto Insurance Companies OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and ...
A.M. Best Affirms Ratings of State Automobile Mutual Insurance Company and Its Operating Subsidiaries; Revises Outlook to Negative OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the ...
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]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. 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 ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
Over the past two years, drivers have felt the financial squeeze of soaring insurance rates, with the average cost of full coverage car insurance increasing by 31 percent since January 2023. While ...
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