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Central Insurance history
Central Insurance company history timeline
The Central Insurance Companies' long history can be traced back to 1876 and a small insurance company called the Van Wert County Mutual Fire Insurance Company.
The first agency, Purmort Brothers Insurance Agency, was appointed in 1876.
Central's operation soon stretched far beyond Van Wert, first to a statewide organization, then interstate beginning in 1883.
The company's name was far too limiting, so in 1884 the Van Wert County Mutual Fire Insurance Company became The Central Manufacturers' Mutual Insurance Company.
Through the 1890's and into the 20th century the momentum of growth continued.
By the time of Central’s 25th anniversary in 1901, Central Manufacturers' Mutual was operating in six states and had over a half million dollars in total assets.
By 1926, the company had surpassed assets of $3 million.
The years of the mid-to-late 20's were successful for Central, mirroring the prosperity of the country, but by mid-November 1929, the country was in the beginning of ten years of depression.
In 1940, Boston was added as a branch office.
Central's companion stock company All America Insurance Company was established in April 1961 as an answer to the competitive pressures created by companies deviating from manual rates.
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Central Insurance competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Chubb | 1882 | $36.0B | 31,000 | 1,032 |
| The Travelers Companies | 1853 | $231.7M | 30,800 | 1,797 |
| Foremost Insurance | 1952 | $250.0M | 12,740 | - |
| The Hanover Insurance Group | 1852 | $5.2B | 4,600 | 184 |
| Central Insurance Agency | 1958 | $7.9M | 42 | 1 |
| Auto-Owners Insurance | 1916 | $8.8B | 5,394 | 327 |
| Heritage Insurance Holdings | 2012 | $408.3M | 530 | 28 |
| Universal Insurance Holdings | 1990 | $1.4B | 1,047 | 19 |
| The American Insurance Company Corp | - | $329.7M | 4,400 | 3 |
| Allied Insurance Brokers | 1982 | $57.0M | 39 | - |
Central Insurance history FAQs
Zippia gives an in-depth look into the details of Central Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Central Insurance. The employee data is based on information from people who have self-reported their past or current employments at Central Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Central Insurance. The data presented on this page does not represent the view of Central Insurance and its employees or that of Zippia.
Central Insurance may also be known as or be related to Central Insurance, Central Insurance Co, Central Insurance Companies, Central Insurance Inc and Central Mutual Insurance Company.