state auto News

State Auto’s Extension of CEO LaRocco’s Contract a Vote of Confidence in Turnaround Strategy

Mike LaRocco, who took over president and CEO of State Automobile Mutual Insurance Co. in May 2015, has won the support of the company’s board of directors for an extension of his contract until Dec. 31, 2021. LaRocco has been …

Austin Agents Honor Ladner with Distinguished Service Award

The Independent Insurance Agents of Austin (IIAA) honored Gerald Ladner, State Auto’s Western Region president, with its Distinguished Service Award for 2015. Ladner won a similar award from the Independent Insurance Agents of Dallas in 2005. The award is given …

Austin Insurance Professionals Hike Fundraising Goal; State Auto Offers Challenge

With an original goal of raising $300,000 for the United Way of Greater Austin, the response from area insurance professionals was so successful during the first six months of the campaign that the Insurance Industry Challenge upped its goal to …

State Auto, Western Region, Makes Executive Changes

State Auto’s Western Region unit, based in Austin, Texas, has made new assignments and promotions effective Jan. 1, 2014, the company announced. Lyndell Haigood, previously regional vice president – personal insurance, becomes regional vice president – government relations. Haigood will …

Texas Insurance Community Aims High in United Way Campaign

Texas insurance companies and agency partners are challenging themselves and other insurance industry professionals to raise the bar for philanthropy and volunteerism on behalf of the United Way for Greater Austin. So far they are on track, with contributions coming …

State Auto Financial: Impact of Q2 Storm Activity May Reach $36M

Columbus, Ohio-based State Auto Financial Corp. announced it estimates the company’s second quarter 2012 results will include between $33 million and $36 million in pre-tax net catastrophe losses. During the quarter ended June 30, 2012, 13 catastrophe events in the …

State Auto Consolidates RED, Rockhill in North Carolina

The specialty division of the State Auto Insurance Group is consolidating its Risk Evaluation and Design (RED) subsidiary and its Rockhill Specialty Program Division into a single operating structure. The RED team, based in Chapel Hill, N.C., will be led …

State Auto Estimates Q1 Storm Impact Could Reach $21M

Ohio-based State Auto Financial Corp. has estimated first quarter 2012 results will include between $19 million and $21 million in pre-tax catastrophe losses. The company announced that the estimate reflects anticipated recoveries under the State Auto Group’s property catastrophe excess …

State Auto Companies Name New Officers

State Automobile Mutual and State Auto Property & Casualty Insurance Cos. have named a number of associates officers of the companies. Scott Jones, vice president, chief investment officer, started with State Auto in 1989 and previously served as a portfolio …

State Auto Increases Specialty Business in 2011

State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2011 net income of $100.6 million, or $2.49 per diluted share, versus $37.6 million, or $0.94 per diluted share, for the fourth quarter of 2010. STFC’s GAAP combined ratio …