American Family Insurance announced its third round of premium relief for personal auto insurance customers due to decreased driving and claims from COVID-19, increasing the total amount of relief to $500 million since the pandemic began. American Family Insurance announced today its third round of premium relief for personal auto insurance customers due to decreased […]
Bill Westrate to Succeed Jack Salzwedel as American Family CEO in 2022
American Family Insurance group announced a succession plan for Chair and Chief Executive Officer Jack Salzwedel, reinforcing its commitment to business growth, an innovative and inclusive work culture, and strong involvement in communities where its customers live and work. The plan, which was initiated by Salzwedel two years ago and developed with the board of […]
Consumer Groups Applaud Allstate And American Family Shelter-In-Place Auto Insurance Refunds
Groups urge other auto insurers to do the same. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) applauded insurers Allstate and American Family Insurance for promising premium relief to policyholders totaling $800 million. This reflects a sharp drop in auto insurance claims resulting from far fewer miles driven as millions […]
Allstate and American Family Announce Programs to Return Portion of Premiums to Auto Insurance Customers
Both Allstate Insurance and American Family announced programs to return a portion of paid insurance premiums back to customers given dramatic declines in driving and accidents in as a result of shelter-in-place orders from states around the country. As CollisionWeek reported on April 3, weekly fuel consumption declined substantially in the second half of March […]
American Family Insurance to Raise Minimum Pay to $20 Per Hour
The American Family Insurance group companies announced it is raising its minimum hourly rate to $20 per hour. The rate increase for employees is effective retroactive to January 1, 2020. The raise in minimum wage will result in raises for nearly 1,700 employees at American Family group companies. The group employs nearly 13,500 employees across […]
American Family Acquires Ameriprise Auto & Home for $1.05 Billion
American Family Insurance Mutual Holding Company announced it has reached agreement to acquire Ameriprise Auto & Home (AAH), a De Pere, Wisconsin-based property-casualty insurance provider that primarily sells its products through a partnership with wholesale retailer Costco. “With our proven track record and strong investments in our people, technology and other innovations, we know what […]
American Family Reports 107 Auto Combined Ratio in 2018
American Family reported its financial results for 2018. The insurer added $955 million to policyholder equity in 2018. This brings the group’s total equity to $9 billion, due largely to its merger with Florida-based mutual insurance company Main Street America, completed Oct. 31. American Family was not immune to drops in the financial markets as […]
Deer Crashes Down
State Farm annual report shows reduction in deer-related crashes. American Family reports higher deer hit claim costs. The 16th annual State Farm deer-vehicle collision study shows that overall in the U.S., drivers were less likely – one in 167 – to have a crash involving a collision with deer, elk, moose, or caribou. Last year’s […]
American Family Reports Auto insurance Combined Ratio of 112.6
Strong growth, record storm claims highlight 2017 for American Family Insurance Group According to American Family Insurance during a record-high storm year, the insurance group ended the year with more than 10.5 million policies in force and achieved solid increases in policyholder equity, premium growth across operating companies, investment gains and customer satisfaction. Bolstered by […]
American Family Insurance Acquires Analytics and Artificial Intelligence Company
American Family Insurance announced the acquisition of Chicago-based data and analytics software company, Networked Insights, to accelerate its digital transformation, including its use of data, advanced analytics and artificial intelligence (AI). According to the insurer, at a time when technology and innovation are transforming the insurance industry, the acquisition allows American Family to build on […]