Ameriprise Auto & Home Insurance is an insurance company based in suburban Green Bay, Wisconsin. The company sells auto, home, condo, renters, umbrella (personal liability) and travel insurance. Insurance is underwritten by IDS Property Casualty Insurance Company and Ameriprise Insurance Company, each a wholly owned subsidiary of Ameriprise Financial, Inc. They also partner with various specialty insurance providers to offer coverage for items such as watercraft, ATVs, recreational vehicles and motorcycles. Ameriprise Auto & Home Insurance is an affinity marketer, relying almost entirely on strategic partnerships to reach customers. Partners include Costco Wholesale, and Ameriprise Financial. As of December 2012, Ameriprise Auto & Home Insurance had more than 700,000 policies in force and generated more than $800 million in net written premium.
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History
In 1894, John Tappan founded Investors Syndicate in Minneapolis, Minnesota, and it was renamed in 1949 as Investors Diversified Services, Inc. (IDS). American Express Company acquired IDS in 1984 and renamed it American Express Financial Corporation. They acquired Wisconsin Employers Casualty Company of Green Bay in 1986, renamed it IDS Property Casualty Insurance Company, and relaunched it the following year with 25 employees.
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Timeline
1986 - American Express Financial Corporation acquired Wisconsin Employers Casualty Company of Green Bay and renamed it IDS Property Casualty Insurance Company.
1987 - IDS Property Casualty Insurance Company begins selling auto, home and personal liability umbrella insurance in Wisconsin.
1988 - The company expands its coverage area to include Minnesota, Indiana, Iowa and Ohio.
1999 - The company is actively selling insurance products in 35 states.
2000 - The company moves to a new headquarters in De Pere, Wisconsin.
2005 - Ameriprise Financial, Inc., becomes an independent, publicly owned company. IDS Property Casualty Insurance Company begins doing business as Ameriprise Auto & Home Insurance. IDS Property Casualty Insurance Company remains the underwriting company, paired with the newly developed underwriting company Ameriprise Insurance Company. That same year, the company also opened its second office in Phoenix, Arizona. 2012 - Ameriprise Auto & Home Insurance opens a third location in Las Vegas, Nevada.
Today - Ameriprise Auto & Home Insurance has more than 1,200 employees and offers insurance products in 43 states.
Awards and certifications
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- "A" (Excellent) Rating for Financial Strength, Stability and Soundness of Operating Performance - A.M. Best (the leading independent rater of insurers in the country)
- Consistently on the Ward Group's Ward's Top 50 list (top performing property and casualty companies)
References
External links
- Ameriprise Auto & Home Website
Source of the article : Wikipedia
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