Greater New York Mutual Insurance Co.

• Private
• US

Dow Jones Description

The Greater New York Taxpayers Association was active in pursuing alternatives. A delegation of members sought the aid of the then Superintendent of Insurance of the State in 1912. But government then was less benevolent and paternal than it is today. The delegation was told the Superintendent could do nothing. In early 1914 a meeting was held in the Stuyvesant Casino and the Association decided to form a Protective and Defense Committee. The Committee obligated itself to defend any claims or law suits asserted against a building registered with it for a relatively small fee, at the beginning $10, shortly thereafter raised to $25. The first building was registered with the Committee on June 1, 1914. In effect this was the first policy issued by our Company, Greater New York Mutual Insurance Company, which over the years evolved from the Protective and Defense Committee of the Association. Today more than 87 years after the issuance of its first policy, Greater New York Insurance Companies consist of Greater New York Mutual Insurance Company and Insurance Company of Greater New York totaling close to a half billion dollars in assets. Greater New York Insurance Companies maintain an A+ (superior) rating from A.M. Best Company. A.M. Best Company, the premier insurance rating agency, in its most recent report dealing with the operations of the Greater New York Group (2001) affirmed the Group's superior rating of A+. Best stated that this rating reflected the Group's superior...

Chairman of the Board & CEO

Number of Employees 330

Contact Information

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