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