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NLC Insurance history
NLC Insurance company history timeline
The Hingham Mutual Insurance Company was originally founded in 1826 adding to NLC’s long standing tradition of writing business in New England.
New London County Mutual Fire Insurance Company was formed in Norwich, Connecticut in 1840 by a group of local businessmen.
By 1910, annual premiums were $180,000, the majority of which was farm business.
In 1913, after having occupied leased quarters since the company was formed, NLC bought a new home office building at 59 Broadway, Norwich.
By the company’s 100th anniversary in 1940, premiums had grown by less than $20,000 in 30 years to slightly under $200,000.
In 1958, under the direction of President Paul Franklin, NLC constructed a modern home office building at 90 Sachem Street.
In 1978, Robert T. Ramsdell became President and the Company had written premiums of about $6,000,000.
In 1983, growth again required expansion and a 9,000 square foot addition was constructed at the Sachem Street location.
Diversification continued with homeowners making up only 48% of the Company’s written premiums with dwelling fire and commercial package policies making up about 37%. Personal automobile insurance, which the company began writing in 1985, now made up about 12% of the Company’s premiums.
In October of 1990, NLC moved into a new three-story 48,000 square foot building with room for further expansion.
By 1990, the 150th anniversary of the Company, written premiums had surged to over $33,000,000.
He joined NLC in 2000 and served as its Chief Financial Officer and Chief Operating Officer prior to taking the leadership position he continues to hold today.
In 2001, after 23 years as President, Robert T. Ramsdell retired.
Chevalier became president and CEO on July 1, 2009.
In 2010, NLC entered into an affiliation agreement with the Hingham Group which was headquartered in Hingham, Massachusetts.
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NLC Insurance competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Travelers Companies | 1853 | $231.7M | 30,800 | 1,670 |
| The Hanover Insurance Group | 1852 | $5.2B | 4,600 | 168 |
| Massachusetts Property Insurance Underwriting Association | - | $1.9M | 50 | - |
| Peerless Insurance | 1901 | $49.0M | 50 | - |
| Farmington | 1980 | $2.8M | 125 | 23 |
| Grundy Insurance | 1947 | $3.6B | 5,200 | - |
Zippia gives an in-depth look into the details of NLC Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NLC Insurance. The employee data is based on information from people who have self-reported their past or current employments at NLC 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 NLC Insurance. The data presented on this page does not represent the view of NLC Insurance and its employees or that of Zippia.
NLC Insurance may also be known as or be related to NLC Insurance and New London County Mutual Insurance.