The company was founded on December 14, 1920 as the Chicago Ice Producers Mutual Liability Company. Originally organized as a mutual insurance company, its initial purpose was to insure the members of the Chicago District Ice Association for general liability, Workers Compensation, public liability for horses and wagons, and commercial vehicle insurance. Association members donated the $26,225 that was needed at that time to start insurance operations. The company was granted licenses to operate in the States of Illinois, Indiana and Wisconsin, which continue to be held today.
In the 1930’s, the company expanded into insuring the private passenger vehicles of the owners and employees of the ice companies. This business was later enlarged to include individuals referred by policyholders of the company. The company’s name was changed to Chicago Mutual Liability Company in 1961. During the 1970’s and 1980’s, the company evolved from its original focus as a commercial lines insurer to become an automobile insurer. At the end of 1994, the Board of Directors decided to exit the Workers Compensation and general liability lines and concentrate on the personal and commercial auto lines of business.
In 1991 the Board of Directors decided to change the company’s distribution system from direct writing to partnering with independent producers. The company had maximized its growth as a direct writer and needed to adopt a different strategy. The company’s name was changed again in 1996 to Chicago Mutual Insurance Company.
In 2006, the company was converted from a mutual form of governance to a stock company. It was renamed First Chicago Insurance Company, and became a subsidiary of J & P Holdings, Inc. Innovation is the company’s focus as the 100th anniversary of its founding approaches. Management continues to search for opportunities that will serve our current policyholders and contribute to the company's growth and profitability.
Company Details
- Employees
- 154
- Founded
- -
- Address
- 6640 S. Cicero Ave., Bedford Park,il 60638,united States
- Phone
- +1-708-552-4400
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- firstchicagoinsurance.com
- Keywords
- Auto Insurance, Commercial Auto Insurance, Artisan General Liability, Workers Compensation.
- HQ
- Bedford Park, IL
First Chicago Insurance Company Questions
First Chicago Insurance Company's helpline number is +1-708-552-4400
First Chicago Insurance Company's website is firstchicagoinsurance.com
First Chicago Insurance Company's LinkedIn profile is https://www.linkedin.com/company/first-chicago-insurance
First Chicago Insurance Company has
154 employees.
View email and phone details for 154
employees at First Chicago Insurance Company.
First Chicago Insurance Company's industry is
Insurance
First Chicago Insurance Company's top competitors are
Farmers Insurance,
Zurich North America,
Sedgwick,
American Freedom Insurance Company,
Warrior Insurance Network,
Lonestar Mga,
Kemper,
Liberty Mutual Insurance,
Preferred Risk Insurance Services,
Cna Insurance.
First Chicago Insurance Company's categories are Insurance
First Chicago Insurance Company's founding year is 1920
