Auto-Owners

Auto-Owners Insurance is the largest property and casualty insurance company domiciled in Michigan. Auto-Owners success can be traced back from its present management to the early leadership of Vern V. Moulton who, in 1916, organized Auto-Owners Insurance Company in Mt. Pleasant, Michigan. The infant Company had no capital and was housed in one room of a bank building. Auto-Owners operated in Mt. Pleasant for a little less than a year. In 1917, V.V. Moulton literally picked the Company up, placed it under his arm and in his pocket (the Company consisted of one book of policyholders' names and $174.25 in assets), and moved Auto-Owners to Lansing, Michigan. It wasn't long before the Depression began, and Auto-Owners weathered even the lowest point of that era - the bank holidays of February 1933. The Company demonstrated its corporate toughness and financial stability by paying all claims promptly, daily, and IN CASH! The firm was then writing more than $2.5 million in insurance premiums. Auto-Owners entered the general casualty insurance field in 1940, having previously written only automobile insurance. During the next five years, the Company found it necessary to acquire three more buildings in the vicinity of its main office to accommodate its continued growth. In 1951 it consolidated all of its offices into one home office, which was constructed in downtown Lansing.

Vern V. Moulton

Founder

Jeffrey S. Tagsold

CEO

2 past transactions

Capital Insurance Group

Acquisition in 2019
Capital Insurance Group operates as a regional property and casualty insurer. CIG provides a superior balance of coverage, protection and value. CIG insures personal lines and a wide range of commercial and agricultural businesses in California, Washington, Oregon, Nevada and in Arizona.

Atlantic Casualty Insurance

Acquisition in 2015
Atlantic Casualty Insurance Company (Atlantic Casualty) was formed by Strickland Insurance Group (SIG) in 1983 to underwrite a substantial book of non-standard personal auto. By the late 1990's, the book had grown to over $100 million of premium in seven states. In 1998 the decision was made to refocus the company in commercial products. Our current product lines include Commercial General Liability, Commercial Package, Inland Marine, Commercial Property, Boiler and Machinery and Commercial Auto (NC only). These products are distributed exclusively through Managing General Agencies. . In January of 2016, Atlantic Casualty and SIG were acquired and became part of the Auto-Owners Insurance Group. Auto-Owners Insurance Group has been in business for 100 years and has been ranked among the Fortune 500 for the past 13 years. Written premium for the group is over $6 billion with an A.M. Best rating of A++ (Superior).
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