21st Century
6301 Owensmouth Ave.
Woodland Hills, CA 91367
Parent Company:
AIG
Subsidiary Companies:
N/A
Date Incorporated:
1958
Stock Ticker:
TW
Phone:
(818) 704-3700
Website:
https://www.21st.com
Lines of Insurance:
Auto Background & History:
After 20 years selling policies Louis W. Foster founded the inter-insurance exchange 21st Century Insurance in 1958 in Los Angeles, California. As an inter-insurance exchange, the policy holders financed and insured the losses of other policy holders. In 1968, the company converted to a stock company in response to policy changes at the state and federal levels. The policyholders became stockholders in the stock company.
Over the next 20 years the company grew considerably, moving to Century City, California in the late ‘70s and to its current headquarters in Woodland Hills California in 1980 to accommodate its rapid expansion.
Company Overview:
A wholly-owned subsidiary of AIG, the company made a name for itself by providing insurance directly to consumers via the telephone, internet and mail thus circumventing the need to employ agents and pay commissions. This tactic allowed the company to maintain competitive rates.
The company’s largest customer base is in California where it is the seventh-largest personal auto insurer. It also covers individuals in eight other states in the West, Southwest, East and Mid West parts of the country.
*As of July, 2009
States Served:
AK, AR, CA, CO, CT, DE, DC, GA, ID, IL, IN, KS, KY, MD, MI, MO, NE, NV, ND, OH, OK, OR, PA, SC, SD, TX, UT, VT, WA
