State Automobile Mutual Insurance Co. News

State Auto Innovation Unit: $25M; 5 Insurtechs; 18 Months

State Auto Labs, the innovation arm of the State Automobile Mutual Insurance Co., says in the 18 months after launching its $25 million corporate venture fund to support entrepreneurs and innovations in the insurance industry, it has invested in five …

IAT Insurance Acquires Excess and Umbrella Business from Rockhill Insurance

IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group. Rockhill is a subsidiary of State Auto …

State Auto Acquires Partners General Insurance Agency

Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) has completed its purchase of Partners General Insurance Agency (PGIA), a managing general underwriter specializing in excess and surplus lines general liability and excess liability insurance. With offices in California, Illinois …

Best Affirms State Automobile Mutual and Operating Subs Ratings

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating subsidiaries. Best has also affirmed the ICR of “bbb” of State …