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On September 16, 1921, Robert "Bob" Pein founded the State Automobile Mutual Insurance Company with $30,000 of borrowed funds and three employees at 257 East Broad Street. Pein believed that the American automobile insurance market was too dominated by east-coast companies who set rates too high, in addition to employing contractors to serve as ...
So far in 2022, $110 million has gone into Columbus startups. Olive is now valued at over $4 billion and is among Columbus success stories like CoverMyMeds, a healthcare software company that was ...
In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out $1.21 USD in claims for every dollar in premiums since 2000.
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 ...
Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round led by Anthemis Group. Acrew, Cherry Creek Holdings and existing backers ...
Grange Mutual Company. 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 company, formed in 1935, now operates in 13 ...
2021 was a year of rapid growth and major funding for Columbus startups. Here are a few highlights: Unicorn startup Olive raised an additional $400 million last year, bringing its total funding up ...
The State Farm Holiday Classic, named after the title sponsor State Farm Insurance, is one of the largest co-ed, high school holiday basketball tournaments in the United States, with 64 teams (32 boys and 32 girls). Held annually for four days following Christmas and dubbed "The Best Basketball This Side of March", the Classic is held at ...