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Website. www.standard.com. Standard Insurance Company, also branded as The Standard, is an American insurance and financial company which is a subsidiary of StanCorp Financial Group, headquartered in Portland, Oregon. On July 23, 2015, Meiji Yasuda, a Japanese mutual insurance group, made an offer to purchase Stancorp Financial for $5 billion.
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. [3][4] [citation needed] Travelers is incorporated in Minnesota, with headquarters in ...
That year, Aetna acquired The Standard Fire Insurance Co. [23] 1960: Aetna expanded outside the U.S., buying a Canadian company, Excelsior Life Insurance Company. [23] 1968: In 1968, Aetna bought a majority interest in Producer's and Citizen's Cooperative Assurance Company of Sydney, Australia. Also in 1968, Aetna's stock debuted on the NYSE. [23]
The first insurance company in the United States underwrote fire insurance and was formed in Charleston, South Carolina, in 1735. [4] In 1752, Benjamin Franklin helped form a mutual insurance company called the Philadelphia Contributionship, which is the nation's oldest insurance carrier still in operation.
17,000 Californians are about to lose their fire insurance. Chris Morris. August 27, 2024 at 11:03 AM. David McNew/Getty Images. California wildfires have burned more than 832,000 acres so far ...
In Colonial America, the first insurance company that underwrote fire insurance was formed in Charles Town (modern-day Charleston), South Carolina in 1732. Benjamin Franklin helped to popularize and make standard the practice of insurance, particularly property insurance to spread the risk of loss from fire, in the form of perpetual insurance.
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
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]
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