Amica Mutual Insurance Company is a
Rhode Island
Rhode Island (, like ''road'') is a U.S. state, state in the New England region of the Northeastern United States. It is the List of U.S. states by area, smallest U.S. state by area and the List of states and territories of the United States ...
-based mutual insurance company that offers auto, home and life insurance.
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.
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
A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or re ...
company, meaning that company was owned by policyholders rather than stockholders.
In 1941, Amica opened its first branch office in
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...
, 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.
Subsidiaries
*Amica Mutual Insurance Company
*Amica Life Insurance Company
*Amica Property and Casualty Insurance Company
*Amica General Agency, LLC
References
External links
Amica websiteAnnual Report for 2015
Insurance companies of the United States
Mutual insurance companies
Companies based in Providence County, Rhode Island
Lincoln, Rhode Island
American companies established in 1907
Financial services companies established in 1907
Mutual insurance companies of the United States
1907 establishments in Rhode Island
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