Assurant Wiki: Insurance and Company History Explained

Assurant has a rich history dating back to 1892 when it was founded as the American Automobile Association's (AAA) insurance arm.

The company's name is derived from the Latin word "assurance", which means protection or guarantee.

In the early 20th century, Assurant began to expand its services beyond automobile insurance, offering policies for homes and other types of property.

Assurant's growth continued throughout the 20th century, with the company going public in 1996 and expanding its operations into new markets.

Suggestion: Société De L'assurance Automobile Du Québec

Assurant has a rich history that spans over 120 years. It all began with the founding of the La Crosse Mutual Aid Association in Wisconsin in the early 1890s.

The association was established to sell disability insurance, marking the beginning of Assurant's journey. Over time, the association would evolve and become the Time Insurance Company.

In 1978, N.V. AMEV of the Netherlands acquired the Time Insurance Company, renaming it Assurant Health. This marked a significant milestone in Assurant's history.

Under the leadership of AMEV Holdings, Inc., Assurant would expand its operations through strategic acquisitions. The company bought American Security Insurance, United Family, Western Insurance Company, and Superior Insurance.

In 1990, N.V. AMEV of the Netherlands acquired VSB Groep NV bank, creating Fortis, the Netherlands' first financial conglomerate. This move further solidified Assurant's position in the industry.

AMEV Holdings, Inc. was rebranded as Fortis, Inc. in 1991. However, the business would later be spun off and renamed as Assurant, marking a new chapter in the company's history.

Here's a brief timeline of Assurant's key milestones:

Assurant Life Insurance offers a range of specialized insurance products and financial services, but their primary line is group life insurance.

They provide employers with a choice of group term life plans for their employee groups, with as few as three employees.

The amount of coverage can be based on a multiple of earnings, flat amounts, or a combination of the two.

Employers may also choose to enhance basic coverage with Accidental Death & Dismemberment (AD&D) coverage, Dependent Life Insurance coverage, or Additional Contributory Life Insurance as options.

You can contact Assurant at their New York office, located at One Chase Manhattan Plaza, New York, NY 10005.

Their phone number is (212) 859-7000.

Curious to learn more? Check out: General Liability Insurance Ny Small Business