Utica National: History
The Utica Mutual Compensation Insurance Corporation was founded on February 13, 1914, as a workers compensation insurance carrier, by leaders whose vision and insight guided the company on a steady course to success. The company quickly expanded in the coverages it wrote and the policyholders it served, establishing a reputation for service that made it one of New York State’s most successful and respected mutual insurance organizations. Utica Mutual’s move to the independent agency system started in 1928 when it began appointing agents to sell automobile insurance in areas not easily serviced by the company’s centrally located branch offices throughout New York State. During the Great Depression, while other companies struggled or closed, Utica Mutual stood on solid financial ground, experiencing some of the best of its early years and finding cause to celebrate its quarter-century of taking care of agents and policyholders. Despite the effects regulatory sources and World War II had on the company, Utica Mutual’s assets had more than doubled by the end of the 1940s, with the organization well-poised to prosper in a peacetime economy. The need to change, adapt and innovate, through its technology, products and people, helped the Utica National Insurance Group emerge from the 1970s much larger and stronger than ever, positioning it to become an even more powerful force in the national insurance marketplace. The Utica National Insurance Group’s core values, ethics and promise to its agent-customers, policyholders and employees to be there for them in all ways have withstood the test of time into the 21st century — continuing to fulfill the promise made by the company’s founders in 1914. Utica National Insurance Group reached two major milestones in less than five years. The company celebrated 100 years of making people feel secure, appreciated and respected in 2014. Just three short years later, employees and agents worked together to reach the $1 billion in direct premium threshold, which was just the starting point to the company reaching its full potential.
Financial Strength:
It’s important for you to know how stable your insurance company is. Utica National takes pride in the rating given to us by A.M. Best who recognizes our financial stability.A.M. Best ratingThe Utica National Insurance Group is highly rated by A.M. Best, which is an independent provider of ratings and financial data in the insurance industry.Utica National Insurance Group is rated A- (Excellent) with a positive outlook as of July, 2019. We are proud to say that we have been in the “A” category for over 25 years.A.M. Best provides an independent opinion of a company’s financial strength and ability to meet its obligations to its customers.
The Utica National Group Foundation was founded in 1987:
In advance of the company’s 75th anniversary. Since then the foundation has made a positive difference in the communities where we do business, regardless of the economic climate. Since the inception of the Foundation, through May, 31, 2020, a total of $7,779,641 in grants have been awarded. As part of the company’s 100th anniversary celebration, the foundation announced a $1million gift to The Community Foundation of Herkimer & Oneida Counties to be used to address root cause issues that will promote the betterment of families and support a stronger, more cohesive family unit. That same year, the foundation also bestowed grants, based on employee input, to other organizations in the regions where the company has offices.The foundation has also been the title sponsor of the Utica National Kids’ Run since its inception in 1989. This event promotes the importance of health and exercise and is held every July in conjunction with the world-renowned Boilermaker Road Race in Utica, New York.Through this involvement, the company and foundation are committed to making positive contributions to the cities and towns where our employees work and live.
We are proud to write for Utica and think they offer great protection at competitive rates! Looking for a quote? Give us a call today!
Gilles Smith Purdum Insurance
614-878-0240
info@gsp-insurance.com
Information directly from Uticanational.com. To see info in it’s original format please see links below.
https://www.uticanational.com/company/company-history/
