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Hagerty, Inc. is an American automotive lifestyle [1] and membership company, [2] as well as the world's largest provider of specialty insurance for classic vehicles. [ 3 ] [ 4 ] Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.
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Hagerty started the restoration at the age of 13 with $500 in lawn mowing money that he had saved. [5] At the age of 18, Hagerty earned his insurance license and was selling marine craft policies. [6] He had not planned on going into the family insurance business, studying philosophy and Russian Orthodox theology in the seminary. [7]
Hagerty's net income for the year is expected to rise as much as 163% compared to a year ago, with the company citing new business in its insurance and car marketplace divisions and cost-cutting ...
Telematic usage-based insurance (i.e. the latter two types, in which vehicle information is automatically transmitted to the system) provides a much more immediate feedback loop to the driver, [1] by changing the cost of insurance dynamically with a change of risk. This means drivers have a stronger incentive to adopt safer practices.
The next day, Trump tweeted that Hagerty would resign as ambassador to Japan to run for the open Senate seat. In the same tweet, Trump endorsed Hagerty for Senate. [28] [29] [30] Hagerty was mentioned as a potential U.S. secretary of state during the same period. [31] Hagerty officially launched his Senate campaign in September 2019. [32]
Little is known about the early years of Thomas Joseph Hagerty, prior to his completion of seminary training in 1895. [2] He is believed to have become a Marxist about 1892 and to have spent his early life attempting to rectify the teachings of the church and the socialist movement.
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