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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.
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1981 Assets surpass $1 billion. American Family became the fourth-largest mutual auto insurance company. 1985 American Family Brokerage, Inc. opened. [6] 1986 American Family posted its first $100 million operating gain. 1992 Policyholders' surplus exceeded $1 billion. 1994 American Family rolled out its catastrophe trailer.
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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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American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of specialty dwellings such as houses, seasonal homes and mobile homes, and collectable or recreational vehicles such as watercraft, snowmobiles and ...