Western National Insurance Group Company Research Report
Company Overview
Name: Western National Insurance Group
Mission: To act with integrity in the service of others by maintaining financial strength and establishing lasting relationships with people and businesses who share attributes such as a passion for business and life, a desire to serve others in need, adaptability to a changing world, and a strong sense of humility and humor.
Founded: Incorporated in January 1900 and commenced operations in May 1901.
Founders: Originally founded as the Mutual Creamery and Cheese Factory Fire Insurance Company of Minnesota.
Key People: No information is available.
Headquarters: Edina, Minnesota, USA.
Number of Employees: No information is available.
Revenue: Combined direct written premium of over $1 billion. Total assets exceed $2 billion.
Known For: Known for being a stable and reliable group of property-and-casualty insurance companies, offering a range of insurance products with an emphasis on honesty, fair underwriting, quality products and service, and strong relationships with agent partners and policyholders.
Products
Product Offerings
1. Personal Auto Insurance
- Description: Offers coverage options tailored to the needs of policyholders, with various discounts and a focus on affordable premiums.
- Key Features:
- Penalty-Free Promise®
- Common Loss Deductible
- Pet Insurance
- Temporary Transportation Expense
- Collision with Another Western National Customer
2. Home Insurance
- No information is available for detailed features and description.
3. Umbrella Insurance
- No information is available for detailed features and description.
4. Business Insurance
- No information is available for detailed features and description.
5. Surety Bonds
- No information is available for detailed features and description.
6. Loss Control Services
- No information is available for detailed features and description.
7. Claims Services
- No information is available for detailed features and description.
Recent Developments
Recent Awards and Recognitions:
- Named a 2024 Ward Group Top 50 Property-and-Casualty Insurance Company on 07.11.2024.
- Recognized as a 2024 Top 200 Workplace by Star Tribune on 06.25.2024.
Corporate Changes:
- Promotions within the officer team were announced on 06.20.2024.
- Michele Reusse was promoted to Vice President - Human Resources on 12.21.2023.
Partnerships and Sales:
- Announced the sale of Nevada General Insurance Company to Southlake Specialty Insurance Company on 02.06.2024.
Rating Affirmations:
- A.M. Best affirmed ratings for Western National Insurance Group on multiple occasions, including the latest affirmation on 09.12.2023.
To Maintain Financial Strength and Establish Relationships:
- Ongoing consolidation and expansion efforts through mergers and affiliations, resulting in a presence in more than 25 states across the US.
Conclusion
Western National Insurance Group stands as a longstanding entity with over 120 years of history in the insurance industry. The company is dedicated to providing comprehensive coverage options and maintaining strong relationships with its partners, as illustrated by its diverse range of products and recent strategic developments. Their mission, to act with integrity in service, is reflected in their extensive industry recognition and accolades.
