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Website: http://www.auto-owners.com Auto-Owners offers customers automotive insurance, life insurance, home insurance and business insurance. It is represented by over 35,000 independent agents in more than 5,700 agencies in 25 states, mostly in the Midwest and Florida. The company has more than 4.1 million personal and commercial insurance policies in force. In 2004, Auto-Owners had revenues of $5.0 billion and net income of $623 million. At the end of 2005, Auto-Owners had a combined $11.7 billion in assets. The company has regional offices in: Peoria. IL; Lexington, KY and Traverse City, MI. The company opened new offices in 2005 in Tallahassee, FL and the Minneapolis-Twin Cities area. History Founded by Vern V. Moulton in 1916, who organized Auto-Owners Insurance Company in Mt. Pleasant, MI. The new company had no capital and was housed in one room of a bank building. Auto-Owners operated in Mt. Pleasant for a little less than a year. In 1917, V.V. Moulton literally picked the Company up, placed it under his arm and in his pocket (the Company consisted of one book of policyholders' names and $174.25 in assets), and moved Auto-Owners to Lansing, MI. The company wrote insurance exclusively in Michigan from 1916 until 1935 before expanding to neighboring states. After only offering auto insurance, the company began selling property insurance in 1940. Updated August 16, 2006 |