Donegal Mutual Insurance Company throughout the Years
Donegal Mutual Insurance Company throughout the Years
The Donegal Mutual Insurance Company functions as a mutual fire and casualty insurance entity that concentrates on providing a flexible range of personal, farm and a variety of commercial products. It also underwrites coverage for personal and commercial insurance. The company itself makes use of a network of about 1,200 independent insurance agents as a medium when it offers its wide selection of insurance products to the market. These agents they tap into are usually from Pennsylvania, Virginia, Ohio, Maryland, Delaware, North Carolina; and the whole of the Mid-Atlantic, Southeastern and Midwestern regions in the country.
Before, the company was officially known as Donegal and Conoy Mutual Fire Insurance Company throughout the industry. Founded way back in 1889, it stationed its headquarters in Marietta, Pennsylvania. It was originally constituted by the farmers throughout the area as their protection from a possible disastrous financial impact of a loss of their personal property through fire. After a while, the name of the company was finally changed to the Donegal Mutual Insurance Company that everybody knows today.
The strong and healthy financial foundation combined with very successful operating principles and strategies earned the "A" rating (meaning excellent) by the A.M. Best Company. Back in 1986, Donegal Mutual masterminded the formation of a downstream holding company that still concerns itself with insurance, the Donegal Group Incorporated. An insurance holding company functions just like that of a normal business corporation that owns insurance companies, but the catch is, it's not a real insurance company itself. The Donegal Group Incorporated made an initial offering of common stock to the buying public in a plan where the Donegal Mutual retained a majority interest. There are now two separate kinds of common stock of the Donegal Group Incorporated currently trading on NASDAQ symbolized by DGICA and DGICB.
Another company was incorporated into the fold back in that eventful 1986 called Atlantic States Insurance. It is more of a wholly-owned subsidiary of the Donegal Group Incorporated where it had a pooling agreement with that of Donegal Mutual, that both companies will be assigned a given percentage of the combined underwriting results. Three years later, the Donegal Group Incorporated started expanding its influence and geographical area specifically in the state of Virginia by acquiring the Southern Insurance Company of Virginia.
The 90's saw huge completed acquisitions of the Delaware-based Delaware Atlantic Insurance Company, the Pioneer Insurance Company based in Ohio, the Southern Heritage Insurance Company based in Georgia and the Pioneer Insurance Company of New York. These far-reaching acquisitions of the Donegal Insurance Group gave it the ability to offer and provide insurance products throughout these regions served by these acquired companies.
The years 2001 and 2002 were exciting years. The corporate structure was streamlined thru the merging of several subsidiaries. A good example was the complete merger between the Delaware Atlantic Insurance Company and the Pioneer Insurance Company of New York into the Atlantic States Insurance company. Other notable acquisitions include Le Mars Insurance Company and the Peninsula Insurance Group in 2004 and the Sheboygan Falls Insurance Company in Wisconsin. And in 2009, Donegal Mutual Insurance Company affiliated with the Southern Mutual Insurance Company based in Georgia. Fulham vs West Ham United Live Stream 26 December 2010 Live Coverage Blackburn Rovers vs Stoke City Live Stream 26 December -2010 Live Coverage Blackpool vs Liverpool Live Stream 26 December 2010 Live Coverage Bolton Wanderers vs West Bromwich Albion Live Stream 26 December 2010 Live Coverage Everton vs Birmingham City Live Stream 26 December 2010 Live Coverage Apartment Insurance California Insurance For Apartment Manchester United vs Sunderland Live Stream 26 December 2010 Live Coverage Newcastle United vs Manchester City Live Stream 26 December 2010 Live Coverage Wolverhampton Wanderers vs Wigan Athletic Live Stream 26 December 2010 Live Coverage Aston Villa vs Tottenham Hotspur Live Stream 26 December 2010 Live Coverage Arsenal vs Chelsea Live Stream 27 December 2010 Live Coverage Learn to Use Man Coverage in Football Your First Taxi! About Purchasing and Insurance