Amica Mutual Insurance Explained

Amica Mutual Insurance
Type:Mutual
Key People:Edmund Shallcross III,
President and CEO
Industry:Insurance
Foundation:1907
Location:Lincoln, Rhode Island, United States
Num Employees:3,781 (2019)

Amica Mutual Insurance Company is a Rhode Island–based mutual insurance company that offers auto, home and life insurance.[1]

Amica was founded as the Automobile Mutual Insurance Company of America by A.T. Vigneron in 1907 and originally offered auto, fire and theft insurance.[2] Since then, Amica has expanded to offering auto, home and life insurance, as well as owning a number of subsidiary insurance companies. It is the oldest mutual insurer of automobiles in the United States.

History

Originally named the Automobile Mutual Insurance Company of America, Amica was founded in 1907 by A.T. Vigneron in Providence, Rhode Island. Amica was organized as a mutual insurance company, meaning that company was owned by policyholders rather than stockholders.

In 1941, Amica opened its first branch office in Boston, Massachusetts, and now has 44 locations nationwide. The company added homeowners’ insurance in 1956, and later added marine and umbrella insurance.

In 1994, Amica’s corporate office moved from Providence, Rhode Island, to a larger campus in nearby Lincoln.

In 2007, Amica celebrated its 100th year of business.[3]

In 2024, Amica became the main sponsor of the Boston Celtics.[4]

Subsidiaries

External links

Notes and References

  1. Web site: Rhode Island Department of Business Regulation. McGreevy. Paul. 2012-02-07.
  2. Web site: Amica Company Facts and History.
  3. News: Amica Insurance Launches Identity Resolution Services. 2006-11-13. CyberScout. 2017-09-27. en. Press release.
  4. Web site: Amica to Become Jersey Patch Partner for Celtics . 2024-08-13 . www.nba.com . en.