Combined Insurance
Parent Chubb Limited | | |
Website | www.combinedinsurance.com |
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Combined Insurance is a global provider of supplemental
History
In 1922, W. Clement Stone, with a borrowed $100, started Combined Registry Company[1] in Chicago.
During the difficulty of the Great Depression, Stone in 1929 cut his field force to just 135 agents – from more than 1,000 agents – to increase efficiency. In 1939, after weathering the Depression, Stone created the Combined Mutual Casualty Company, which was established when Combined Registry Company purchased the American Casualty Company in Texas. In 1947 the company changed its name to Combined Insurance Company of America.[2]
In 1956, Combined Insurance expanded to cover Canada.
Between 1959 and 1963 the company expanded into
In 1971, the Combined Life Insurance Company of New York was established.[citation needed]
In 1980, shareholders of Combined Insurance Company of America approved the formation of a holding company, Combined International Corporation, which traded publicly on the
Stone stepped down from day-to-day operations in the early 1990s and took the title Chairman Emeritus.
In 2008, Aon sold Combined Insurance to
Business
Combined Insurance offers several types of insurance policies – which vary by market and customer need – including
Combined Insurance also includes Combined Insurance Worksite Solutions, which offers supplemental insurance to complement existing employer benefits programs and Combined Insurance Select Programs, which provides niche insurance products including student accident and health insurance, employer group vision insurance and other group accident and health products.
Notes
- ^ Wilson, Mark R.[1] Dictionary of Leading Chicago Businesses 1820-2000
- ^ Wilson, Mark; Porter, Stephen; Reiff, Janice (2005). "Combined Insurance Co. of America". The Electronic Encyclopedia of Chicago. Chicago Historical Society. Retrieved 12 February 2022.
- ^ [2] History of Combined Insurance
- ^ Martin, Douglas [3] "Clement Stone Dies at 100; Built Empire on Optimism", New York Times, 5 September 2002
- ^ "ACE Completes Acquisition of Combined Insurance Company of America". Archived from the original on 2011-08-23. Retrieved 2011-11-09. "ACE Completes Acquisition of Combined Insurance Company of America"
- ^ "News - Combined Benefit Services closes". Archived from the original on 2012-08-04. Retrieved 2012-02-18. Closure of Combined Benefit Services