Amica Mutual Insurance Co.

Private Company, Headquarters Location
PO Box 9128, Providence, RI 02940-9128, United States
(800)242-6422, (401)334-4241 fax, http://www.amica.com

Primary SIC: Fire, Marine And Casualty Insurance, Primary NAICS: Direct Property and Casualty Insurance Carriers
Description: Insurance: Underwriter of property and casualty insurance.Amica Insurance Company was founded in 1907. Amica Insurance is the result of a factory owner's fight to provide insurance at a reasonable rate to companies who took extra steps to prevent industrial fires and other disasters. He wanted to expand this concept to protect families who take extra steps to prevent losses which the insurance company would be forced to pay on. Amica Insurance Company is owned by its policyholders, otherwise known as a mutual insurance company. They only accept individuals who have proven that they were prudent and act in a responsible manner. Since earnings are shared with policyholders through dividends or put back into the company to improve the service or capacity, the primary motivation of the company is not necessarily based on earning a profit. The company's motivation is focused on keeping premiums low as a direct result of their members taking the extra steps to prevent unnecessary losses. In 1921, Amica made the decision to form a liability insurance organization that could underwrite automobile liability and property damage. They currently employ more than 3300 individuals and provide insurance for nearly 500,000 households.