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Thomas C. Chubb and his son Percy opened their marine underwriting business in New York City's seaport district in 1882. By the turn of the century, the company had become very successful — often by helping policyholders prevent disasters in the first place. The Chubb Corporation was formed in 1967 and listed on the New York Stock Exchange in 1984. It ranks among the top ten public traded U.S. insurance organizations.
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A.M. Best Rating:
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A++ (Superior)
Financial Size Category XV ($2 billion or more)
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The Cincinnati Insurance Company was founded in 1950 by a group of independent agents. The company is now a subsidiary of the Cincinnati Financial Corporation, which formed in 1968 and is one of the nation's 20 largest property casualty insurers. Cincinnati Insurance Company markets a broad range of business and personal policies through a select group of independent agencies.
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| A.M. Best Rating: |
A++ (Superior)
Financial Size Category XV ($2 billion or more)
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The Hartford Financial Services Group, Inc., founded in 1810, is one of the nation's largest investment and insurance companies, providing investment products, life insurance and group and employee benefits, automobile and homeowners products, and business insurance.
Hartford Insurance Group
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| A.M. Best Rating: |
A+ (Superior)
Financial Size Category XV ($2 billion or more)
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Progressive began in 1937 as an entrepreneurial venture of two wet-behind-the-ears lawyers who introduced such innovative ideas as installment premiums and drive-in claims service. The company steadily grew and went public in 1971. Now the fourth largest auto insurance in the country, Progressive continues its tradition of leading edge technology and service.
Progressive Insurance Group
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| A.M. Best Rating: |
A+ (Superior)
Financial Size Category XV ($2 billion or more)
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Founded in 1864, Travelers was the first company in America to insure against accidents. It issued its first automobile insurance policy in 1897, its first commercial coverage in 1902, and property coverage in 1907. Today the company is a leading provider of a full range of insurance products including homeowners and auto insurance for consumers, and a broad array of insurance for commercial markets.
Travelers Property Casualty Company
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| A.M. Best Rating: |
A++ (Superior)
Financial Size Category XV ($2 billion or more)
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A Best's Rating is derived from a comprehensive analysis of an insurer's financial strength, operating performance, and market profile. Companies assigned the highest Best's Ratings demonstrate superiority in each of the three rating categories. In the view of A.M. Best, A++ and A+ carriers are defined as Superior companies and are considered to have a very strong ability to meet their obligations.
For more information on the rating system visit
www.ambest.com. Best Ratings shown above effective November, 2002. |
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