Archive for the 'Insurance Reviews' Category
posted by che14th, 2008
The predecessor of the Travelers Insurance was the St. Paul Fire and Marine Insurance Company that started in 1853. It serves local customers who were having difficulty in getting claim payments in time from insurance companies. Eleven years later, The Travelers Insurance Company was formed by another group of people for the purpose of insuring travelers from personal injury and against death while traveling by railway or steamboat.
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posted by che13th, 2008
Progressive is the number 1 auto insurance company today in the United States. Its corporate office is headquartered in the Cleveland suburb of Mayfield Village, Ohio. It has now 450 offices with more than 28,000 employees working in a unique work environment. They are known for their slogan – It’s about you. It’s about time.
In 1937, Joseph Lewis and Jack Green started Progressive Mutual Insurance Company to provide vehicle owners with protection and security that they needed. They also saw this as a good investment for two lawyers who were just getting started. The company experienced steady growth and continue to introduce innovative approach to auto insurance. Progressive is the first one to offer drive-in claims service and the first to allow their customers to pay their premiums in installment. This bold move made it easier for car owners to pay for their insurance.
The year 1971 saw the company go public and by the 1990’s, Progressive became the third largest auto insurer through independent agents. They introduced 1-800-AUTO-PRO, a rate comparison service in 1994 and also started their Immediate Response Vehicle (IRV), a specially marked and outfitted vehicle that brought trained claims professionals to wherever customers needed them. A year later, Progressive made history and became the first auto insurer to launch a website. And from then on, customers can buy their auto insurance policies online.
Honors and recognitions are abundant for this company that makes it a policy to be one step ahead of its competitors. A study by The Customer Respect Group put Progressive in the No.1 spot for positive Web-based customer experience. The company was also named as one of the 20 great employers for college students. These are the most recent recognition that Progressive is proud of.
Today, Progressive introduces another first in the industry – MyRate. This program lets drivers get a customized rate base on how they actually drive. It is best for safe drivers who are less likely to get into an accident. This is truly an innovative approach in the auto insurance industry.
posted by che10th, 2008
A man delivering produce to the United States from Central and South America began what is now known as Pan-American Life Insurance Company. The vision of Crawford H. Ellis to offer the people of Latin America personal and business insurance came true when he met three distinguished gentlemen, Dr. Edward Simmons, a life insurance expert, Dr. Marion Souchon, a renowned surgeon and Eugene McGivney, a corporate lawyer. Together, they were able to raise money and in March 1912, Pan-American Life Insurance Company issued their first policy.
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posted by che9th, 2008
Nationwide is on your side. This is the company slogan of Nationwide Insurance Company that claims to be working hard every day to meet the insurance and financial needs of their customer at every stage of their life whatever happens. But a research on nationwide insurance complaints, you will see a substantial amount of complaints about the company regarding their auto insurance. This is for a company who 80 years ago became popular for auto insurance.
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posted by che7th, 2008
Pacific Life Insurance Company was formed in 1868 as Pacific Mutual with former Governor Leland Stanford as its first president. By 1905, PM was operating in 40 states. The company survived the two great world wars and in 1959, Pacific Mutual restructured as a policyholder-owned mutual company. After they marked their 100th anniversary, the company grew and more types of policy were introduced. In 1995, Pacific Mutual with its subsidiaries and affiliated enterprises exceeded $100 billion in assets and fund. Two years later, they converted to a mutual company holding and was renamed to Pacific Life.
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