Does Indemnity Insurance Company of North America Still Sell Insurance?
UPDATED: Apr 1, 2013
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Asked April 1, 2013
Indemnity Insurance Company of North America was once part of the oldest insurance company in North America. With more than 371 million dollars in working capital, the Insurance Company of North America provided insurance to businesses and private property owners. ACE Insurance is the current top level owner, and Indemnity Insurance Company of North America has become little more than a holding company.
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Indemnity Insurance Company of North America was incorporated in 1977. The Indemnity Insurance Company of North America was later purchased by the Insurance Company of North America, the oldest stock insurance company in America. Today, Indemnity Insurance Company of North America has faded away, serving only as a holding company for the parent corporation.
Indemnity Insurance Company of North America is not individually rated, but is listed instead under the rating for the ACE Insurance group, the current top-level owner. ACE was last rated during June of 2012, when they were rated "A+," with a long term rating of "aa." ACE Insurance group is considered stable.
Insurance Products Offered
Indemnity Insurance Company of North America sold a wide range of insurance products to private citizens as well as businesses. Their product portfolio included a complete range of auto insurance which covered cars, trucks, boats, RVs, ATVs, and other personal recreational craft, Homeowners insurance, airplane coverage commercial and business insurance, and prepaid legal coverage.
Answered April 1, 2013 by Anonymous