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Progressive signed a 16-year contract for the naming rights, as well as sponsorship rights to become the Official Auto Insurer of the Cleveland Indians. The agreement costs around $3.6 million per year. [33] (Mayfield Village, Ohio, where the company is based, is a suburb of Cleveland.)
Esurance was founded in 1999 by Jean-Bernard Duler, Jeffrey L. Goodman, Huyen Bui, David Griffin, and Charles Wallace, and became one of the first insurance companies to sell policies directly to consumers over the internet, instead of using in-person meetings or phone calls. [1]
Headquartered in downtown Cleveland, Ohio, Medical Mutual of Ohio operates in the historic Rose Building. The Rose Building was erected in 1900 and "its innovative steel-frame structure was one of the first in Cleveland." [6] Meant to house dentists' offices, the Rose Building had almost 100 dentist tenants by 1902. [citation needed]
Venture capital-backed insurance success stories have risen at a regular drumbeat over the last few years: 2011 brought the billion-dollar Esurance acquisition, 2012 brought the wildly successful ...
The Ohio Farm Bureau decided to set up its own insurance company to offer rates that accurately reflected the driving habits of farmers. [6] On April 10, 1926, the Farm Bureau Mutual Automobile Insurance Company obtained a license to do business in Ohio, and two days later, it acquired its financing—a $10,000 loan drawn from the membership ...
In 2013, a report from Ohio Hospital Association states that CareSource is the No. 2 health insurer in the state by premium revenue. [29] CareSource celebrated 25 years as one of the nation's largest Managed Medicaid Plans and the largest in Ohio in 2014. The company then served more than 1 million consumers in Ohio and Kentucky. [30]
Grange Mutual Casualty Company, commonly known as Grange Insurance, is an American insurance company based in Columbus, Ohio. [4] Grange market's network is about 3,600 independent agents to offer home, auto, life, and business insurance protection to policyholders. [5]
The Cincinnati Insurance Company was founded in 1950 by four agents, including brothers John Jack Schiff and Robert Cleveland Schiff. [3] The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through ...