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Sen. Portman Issues Statement Recognizing State Auto Insurance Companies

Rob Portman, R- Ohio, issued the following floor statement, which was published in the Congressional Record on Sept. 14, 2021:. Founded with ,000 in borrowed funds by Robert S. Pein in 1921, the State Automobile Mutual Insurance Association had three employees in a rented room at 257 East Broad Street in Columbus, OH. State Auto has grown steadily and now is among...

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Guide to Michigan Car Insurance for Out of State Students

Guide to Michigan Car Insurance for Out of State Students
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State Auto Financial Declares 121st Consecutive Quarterly Dividend

State Auto Financial Declares 121st Consecutive Quarterly Dividend
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State Auto Financial Responds to A.M. Best Announcement

Press release content from Business Wire. The AP news staff was not involved in its creation.
State Auto Financial Responds to A.M. Best Announcement
July 14, 2021 GMT
COLUMBUS, Ohio--(BUSINESS WIRE)--Jul 14, 2021--
The following is State Auto Financial Corporation Chairman, President and CEO Mike LaRocco’s response to today’s announcement from A.M. Best Company:
“On Monday, we announced a definitive agreement to be acquired by Liberty Mutual . A.M. Best’s decision affirms our belief that our partnership with Liberty Mutual will contribute to the collective success of our associates, policyholders, shareholders and agents. Together, there’s a great opportunity to profitably grow and deliver even greater scale by expanding our geographic footprint, operations, product expertise and digital capabilities.

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State Auto Financial Responds to A.M. Best Announcement

State Auto Financial Responds to A.M. Best Announcement
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Liberty Mutual Insurance Bolsters Independent Agent Network With Agreement to Acquire State Auto Group

Liberty Mutual Insurance Bolsters Independent Agent Network With Agreement to Acquire State Auto Group
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More Than 25 Auto Insurance Companies

More Than 25 Auto Insurance Companies
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Prima Solutions: Fortitude Re Selects and Goes Live with Prima XL

Prima Solutions: Fortitude Re Selects and Goes Live with Prima XL
CORAL GABLES, FL / ACCESSWIRE / May 11, 2021
/ Fortitude Re has chosen Prima XL as its cloud-based reinsurance management software. Prima XL is designed by Prima Solutions, a global insurtech group for insurance and reinsurance professionals in North America, Europe, and Asia-Pacific.
Fortitude Re will use the software to support and optimize its P&C runoff activities and to help it evaluate opportunities to acquire and manage legacy insurance portfolios. The Bermuda-based reinsurer chose Prima XL in 2020 and recently went live with the software.
"We were looking for a platform to manage our reinsurance runoff activities, and Prima Solutions already had great expertise in runoff management solutions. What mattered most to us was the flexibility of the solution and its ability to evolve with us," said Craig Clark, reinsurance manager at Fortitude Re.

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Fortitude Re Selects and Goes Live with Prima XL

Fortitude Re Selects and Goes Live with Prima XL
ACCESSWIRE
Bermuda-based reinsurer selects Prima Solutions to support its P&C runoff management activities
CORAL GABLES, FL / ACCESSWIRE / May 11, 2021
/ Fortitude Re has chosen Prima XL as its cloud-based reinsurance management software. Prima XL is designed by Prima Solutions, a global insurtech group for insurance and reinsurance professionals in North America, Europe, and Asia-Pacific.
Fortitude Re will use the software to support and optimize its P&C runoff activities and to help it evaluate opportunities to acquire and manage legacy insurance portfolios. The Bermuda-based reinsurer chose Prima XL in 2020 and recently went live with the software.

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Mercury Insurance Reduces Rates in Virginia

Mercury Insurance Reduces Rates in Virginia
- Mercury auto insurance policyholders will see an overall rate decrease of 8%
- Mercury's single-family homeowners policyholders will see an average rate decrease of 3.5%
- Rate reductions to both product lines follow recent decreases, which were implemented in October 2020
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LOS ANGELES, April 23, 2021 /PRNewswire/ -- Mercury Insurance announced today that its auto insurance policyholders in Virginia will see an average rate decrease of 8%, effective April 23 for new customers and June 27 for renewals, which will save policyholders an average of $126 a year. Additionally, homeowners insurance rates for Virginians are being reduced by an average of 3.5% percent. This reduction immediately applies to new customers beginning April 23 and policy renewals beginning June 12, and will save Mercury policyholders an average of $27 a year.

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