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It is licensed in 49 states and Washington, DC. In New York it has Standard Life Insurance Company of New York. The average loan-to-value ratio on new loans was 64 percent in 2008. Standard Insurance Company has maintained an “A” rating or higher from A.M. Best Company since 1928. Assets $14.56 billion (March 31, 2009). 3,400 employees in 2008.
The company was founded in Oregon in 1906. [2] On February 24, Leo Samuel founded the Oregon Life Insurance Company. [3] In 1946 the company name was changed to Standard Insurance Company. [2] Then in 1962, the company moved its headquarters into the newly constructed Standard Plaza building. [4]
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 the United States by 1989.
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The Standard Insurance Center, originally the Georgia-Pacific Building, is a 27-story office building in Portland, Oregon.Completed in 1970, it is part of the headquarters of The Standard, the brand name under which Standard Insurance Company and other subsidiaries of StanCorp Financial Group, Inc. do business.
3. Mechanical failure. When mechanical components fail due to normal wear and tear — whether it's a seized engine or failed transmission — your auto insurance won't pay for repairs.
At 222 feet (68 m) in height, it was the largest office building in Oregon when it was completed in 1963. The 217,000-square-foot (20,200 m 2) structure, occupying a city block on SW 6th Avenue between Main Street and Madison Street, is owned by Standard Insurance Company, which also owns the neighboring Standard Insurance Center.
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