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Western Mutual was incorporated under the laws of California on March 7, 1942, as a county mutual fire insurer with the title Coast Mutual Fire Insurance Company of Los Angeles County. It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949.
The Department of Insurance ruled in American Mutual's favor on both counts, but the incident caused Nickerson to re-examine the direction of American Mutual. After extensive research in the law, Nickerson decided that industrial or fraternal insurance schemes were not in the best interests of black insurance firms or their policyholders.
American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities , health insurance, property and casualty insurance, credit insurance , and pension plan services.
Brotherhood of American Yeomen (acronym, BAY; originally, Farmer's Mutual), was a coeducational North American secret fraternal benefit society organized in 1897. In 1932, the organization was changed to Yeomen Mutual Life Insurance Company , a mutual, legal reserve, level premium company later known as AmerUs .
The Allstate Corporation is an American insurance company, headquartered in Glenview, Illinois (with a Northbrook, Illinois address) since 2022. [4] Founded in 1931 as part of Sears, Roebuck and Co. , it was spun off in 1993, but was still partially owned by Sears until it became an independent company completely in June 1995. [ 3 ]
State Farm Insurance "Fire Building" in downtown Bloomington, Illinois. State Farm was founded in June 1922 by retired farmer George J. Mecherle as a mutual automobile insurance company owned by its policyholders. [10]
The global trade association for the industry, the International Cooperative and Mutual Insurance Federation, claims 216 members in 74 countries, in turn representing over 400 insurers. [3] In North America the National Association of Mutual Insurance Companies (NAMIC) , founded in 1895, is the sole representative of U.S. and Canadian mutual ...
Federated Mutual Insurance Company (Federated) is an American insurance company that is the direct writer of property and casualty insurance products with headquarters in Owatonna, Minnesota. As of 2019 [update] , the Company had approximately 2,600 employees and operated in 48 states, with several service offices located throughout the country.