Claims representative leaves half of estate to insurance firm
A 25-year claims representative who retired in 1978 and died last year left half of his estate to his former employer, State Auto, headquartered in Columbus, Ohio. Jack Boyle left the property-casualty...
View ArticleState Auto shifts its center, looks to southward growth
State Auto Insurance Co., a super-regional property-casualty insurer, is expanding its East Coast presence by opening a new regional headquarters in the Baltimore area and focusing more heavily on the...
View ArticleState Auto Group’s ratings fall with ‘substantial’ earnings decline
State Auto Group, which recently opened a regional headquarters in Hunt Valley, Md., has had its counterparty credit and financial strength ratings lowered by Standard & Poor’s Ratings Service. The...
View ArticleState Auto Financial completes deal for non-standard auto unit
State Auto Financial Corp. completed the sale of its non-standard auto insurance subsidiary, State Auto National Insurance Co. The completion of the sale to Hallmark Insurance Co. of Plano, Texas, took...
View ArticleInsurers seeing historical-high losses from April tornadoes
The tornadoes that hit the U.S. Midwest and Southeast during the last week of April resulted in as much as $6 billion in insured losses, according to a global risk modeling agency. Insured losses are...
View ArticleSecond quarter catastrophes bleeding into State Auto’s third quarter
State Auto Financial Corp. estimates that its third quarter 2011 results will include between $60 million and $63 million in pre-tax catastrophe losses, some from second quarter catastrophes. STFC,...
View ArticleState Auto launches $25 million insurance innovation fund
State Automobile Mutual Insurance Co.’s innovation arm, State Auto Labs, has launched a $25 million corporate venture fund to support insurance-industry entrepreneurs and innovators. State Auto Labs...
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