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In March, 156,652 more lawsuits were filed against all insurance companies, including auto insurance, compared to March 2022, according to the industry-backed Insurance Information Institute.
American Family Insurance was founded on October 3, 1927, [5] when insurance salesman Herman Wittwer opened the doors of Farmers Mutual Insurance Company (not to be confused with the Farmers Insurance Group) in Madison, Wisconsin. At the time, the company's product was auto insurance and its target market was farmers.
In 2009, Aflac acquired Continental American Insurance Company for $100 million, [5] enabling them to sell supplemental insurance on both the individual and group platforms. [6] As of June 30, 2012 [update] , it was represented by approximately 19,300 sales agencies in Japan and 76,900 licensed sales associates in the U.S. [ 7 ]
2019 – On October 1, 2019, American Family Insurance closed on the purchase of IDS Property Casualty Insurance Company from Ameriprise Financial. 2020 – CONNECT, powered by American Family Insurance debuts. The company has more than 2,000 employees and offers insurance products in 43 states.
A Republican from Gwinnett County now living in Florida, Oxendine was elected insurance commissioner in 1994 and served four terms. He ran for governor in 2010 but finished fourth in the GOP primary.
The lawsuits drove the company to declare bankruptcy in 1995, before it agreed to pay $2.3 billion to settle claims from 240,000 women in amounts ranging from $2,000 to $250,000 each in 2004 ...
By 2007, he was the president and COO of American Family Mutual. Finally, in November 2011 he was elected as the chairman and CEO. [4] [2] As CEO, Salzwedel has overseen: The 2012 acquisition of The General Insurance. [7] The 2013 acquisition of Homesite Insurance. [8] The inaugural jersey sponsor of the 2017 MLS expansion team Atlanta United ...
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