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Merchants Preferred commenced business in 2007 to rebuild and expand its preferred-risk business after the sale of a like subsidiary, [1] and Merchants National commenced business in 2009. [2] Merchants employs over 300 insurance professionals throughout its operating territories, and works with more than 1,000 independent insurance agents.
Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021 [update] , Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for ...
The Farmers Exchanges, directly or through their subsidiaries and affiliates, offer homeowners insurance, auto insurance, commercial insurance, and financial services throughout the United States. FGI provides operating services to the exchanges, for which it is compensated via fees from policyholders, calculated as a percentage of premium.
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 ...
In 1897, the company that would become Encompass began selling personal insurance under the motto "Protection and Security." The company’s package policy dates back to then. In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate ...
MetLife also acquired the firm's life insurance business, valued at about $260 million. [30] 1995 – sold Century 21 to Cendant (known as Hospitality Franchise Systems at the time) while purchasing New England Mutual Life Insurance Company. [31] 1997 – acquired Security First Group in 1997 for $377 million. [32] [33]
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