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It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949. On June 27, 1973, amended articles of incorporation changed the form of operation to that of a general mutual insurance company with multiple line authority and the present title of Western Mutual was adopted.
The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states. On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations.
A study released in March 2023 by the University of Cincinnati Economic Center showed that Western & Southern supported 188,715 jobs, $13.6 billion in earnings and a total economic output of $27.4 billion. [19] Western & Southern dates back to the founding of The Western and Southern Life Insurance Company in 1888. [20]
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The company largely specializes in general liability, commercial property, commercial auto and professional liability insurance. [2] Located in Parsippany, New Jersey, Western World Insurance Group provides commercial insurance products through a nationwide network of wholesale agents and brokers within the E & S specialty lines industry. [3]
When American General acquired longtime Nashville rival National Life and Accident Insurance Company in a hostile takeover it implemented plans to merge the two companies. By the end of the 1980s this had been largely accomplished, and the L&C Tower, still a Nashville landmark but no longer its tallest building, was sold to outside interests.