Sen. Portman Issues Statement Recognizing State Auto Insurance Companies

WASHINGTON, Sept. 16 -- Sen. Rob Portman, R-Ohio, issued the following floor statement, which was published in the Congressional Record on Sept. 14, 2021:

Mr. President, I rise today to recognize the 100year anniversary of the founding of State Auto Insurance Companies.

Founded with $30,000 in borrowed funds by Robert S. Pein in 1921, the State Automobile Mutual Insurance Association had three employees in a rented room at 257 East Broad Street in Columbus, OH.

Pein believed that the insurance industry at the time was ripe for improvement to customer service and increased affordability. The company's early mission statement was "Prompt and Satisfactory Service in the Settlement of All Claims and operated by a golden rule of "do unto others as you would have them do unto you." Those guiding principles remain to this day.

State Auto's geographic footprint expanded as the company entered new States and acquired or affiliated with companies throughout the country. Today, the company offers products in 33 States. State Auto has grown steadily and now is among the 40 largest property and casualty insurance companies in the United States.

Throughout its history, State Auto has been an innovator in the insurance industry. The company introduced the industry's first auto insurance payment plan and recently transformed into an entirely digital provider of auto, home, and business insurance.

This required a transformation not only of its technology but also of its products and culture. State Auto's culture is open and inclusive, with a belief that every voice is important. Feeling comfortable, even obligated, to speak up, challenge, and disagree is critical.

It is an impressive feat for a company to reach its 100th anniversary. State Auto has reached this milestone while being a great community partner in central Ohio.

I wish State Auto Insurance Companies a future of continued success.

TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and individuals; as well as 'gathered' public policy information, including news releases, reports, speeches. For more information contact MYRON STRUCK, editor, [email protected], Springfield, Virginia; 703/304-1897; https://targetednews.com