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Alpha Property & Casualty Insurance Company
A foreign property & casualty insurer, Alpha Property & Casualty Insurance Company is licensed to conduct business in the Florida state. In 1979, Alpha Property & Casualty Insurance Company was first organized as a Wisconsin domestic stock insurance company. Alpha Property & Casualty Insurance Company was then a wholly-owned subsidiary of Family Insurance Corporation.
Alpha Property & Casualty Insurance Company -- History
Family Insurance Corporation, which is the mom company of Alpha Property & Casualty Insurance Company, is a Wisconsin-based life & health insurance company. Alpha Property & Casualty Insurance Company has its registered office located in Shawano, Wisconsin. But even the though the recognized parent company of Alpha Property & Casualty Insurance Company is Family Insurance Corporation, its ultimate parent is actually Wisconsin Finance Corporation or WFC. This mom company of Alpha Property & Casualty Insurance Company was sold to United Savings of America in 1985. A merger with Heights Finance resulted in the USA Financial Services, Inc.
Family Insurance Corporation sold Alpha Property & Casualty Insurance Company to USA Financial Services, Inc. on December 31, 1991. The sale of Alpha Property & Casualty Insurance Company was done in order to increase the coverage of both Family & Alpha policies to diverse groups. Another company, the Milwaukee Insurance Group, Inc. purchased Alpha Property & Casualty Insurance Company on December 31, 1992.
With its absorption into Milwaukee Insurance Group, Inc., Alpha Property & Casualty Insurance Company transferred its home office to 803 West Michigan Street, Milwaukee, Wisconsin. Then on October 2, 1995, Trinity Universal Insurance Company acquired 100% of the common stock of Milwaukee Insurance Group, including Alpha Property & Casualty Insurance Company stocks.
By July 24, 2001, the sole owner of Alpha Property & Casualty Insurance Company was Trinity Universal Insurance Company when Milwaukee Insurance Group was dissolved. In April of the same year, Alpha Property & Casualty Insurance Company executed a General Services Agreement with Unitrin Direct Insurance Company. This agreement authorized Unitrin to directly market the private passenger automobile business of Alpha Property & Casualty Insurance Company. Since then, Unitrin became the primary writer of Alpha Property & Casualty Insurance Company’s policies.
Unitrin does its main business in Florida & in Pennsylvania but Alpha Property & Casualty Insurance Company retained its original office location in Milwaukee. For greater efficiency, Alpha Property & Casualty Insurance Company separated its business into four segments: Multi Lines Division, Specialty Lines Division, Unitrin Direct, & Career Agency Companies.
Alpha Property & Casualty Insurance Company – Insurance Plans
Alpha Property & Casualty Insurance Company has four major insurance plans taht cover fraud, disasters, internal audit, & privacy. The Anti-Fraud Plan of Alpha Property & Casualty Insurance Company was done according to the Florida Department of Insurance requirements in Section 626.9891, Florida Statues.
Alpha Property & Casualty Insurance Company also has a Disaster Recovery Plan taht is designed for the use of Florida business owners. Alpha Property & Casualty Insurance Company’s Disaster Recovery Plan keeps a back-up & off-site storage of all critical data on a daily basis.
A subsidiary of Alpha Property & Casualty Insurance Company, Unitrin Services Company has developed Internal Audit Procedures for in reviewing Florida business. And for their Privacy Plan, Alpha Property & Casualty Insurance Company has developed a plan taht meets the requirements of Emergency Rule 4ER-01.
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