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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. [5]
It has been providing insurance products for more than 70 years and now provides cover solely via Lloyd's Syndicate 218. ERS offers a diverse range of products, including private car, classic car, van, motorcycle, taxi, minibus, fleet, haulage, agricultural vehicle and motor breakdown.
In 1995, Hagerty returned to Traverse City to help lead the company with his sisters Kim and Tammy, expanding the company’s focus beyond wooden boats and into classic and collector cars [9] Today, the company describes itself as an automotive lifestyle brand offering automotive events, media and membership services in addition to insurance. [10]
The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry. The holding company for National General Insurance Personal Lines is National General Holdings Corp. As of August 2016, the company was owned by Barry Karfunkel and his family.
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 ...
He also holds a diploma in Company Direction from the Institute of Directors. He has been a non-executive director of the Insurance Fraud Bureau, a non-profit organisation funded by the insurance industry to detect and deter insurance fraud in the UK, since 2010. Newman was named a finalist in the Northwest Director of the Year Awards 2015. [8]
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