The company was founded on December 14, 1920 as the Chicago Ice Producers Mutual Liability Company. Originally organized as a mutual insurance company, its initial purpose was to insure the members of the Chicago District Ice Association for general liability, Workers Compensation, public liability for horses and wagons, and commercial vehicle insurance. Association members donated the $26,225 that was needed at that time to start insurance operations. The company was granted licenses to operate in the States of Illinois, Indiana and Wisconsin, which continue to be held today.

In the 1930’s, the company expanded into insuring the private passenger vehicles of the owners and employees of the ice companies. This business was later enlarged to include individuals referred by policyholders of the company. The company’s name was changed to Chicago Mutual Liability Company in 1961. During the 1970’s and 1980’s, the company evolved from its original focus as a commercial lines insurer to become an automobile insurer. At the end of 1994, the Board of Directors decided to exit the Workers Compensation and general liability lines and concentrate on the personal and commercial auto lines of business.

In 1991 the Board of Directors decided to change the company’s distribution system from direct writing to partnering with independent producers. The company had maximized its growth as a direct writer and needed to adopt a different strategy. The company’s name was changed again in 1996 to Chicago Mutual Insurance Company.

In 2006, the company was converted from a mutual form of governance to a stock company. It was renamed First Chicago Insurance Company, and became a subsidiary of J & P Holdings, Inc. Innovation is the company’s focus as the 100th anniversary of its founding approaches. Management continues to search for opportunities that will serve our current policyholders and contribute to the company's growth and profitability.

Insurance

First Chicago Insurance Company

First Chicago Insurance Company's headquarters in Bedford Park, IL, United States

This department manages and processes claims related to casualty and litigation matters.

Casualty Claims

The Claims and Litigation Team at First Chicago Insurance Company is responsible for managing the process of investigating, handling, and resolving insurance claims. They ensure that each claim is processed efficiently and fairly, mitigate financial exposure through litigation management, and work to provide policyholders with accurate settlements. The team consists of specialists and adjusters who handle property, liability, and casualty claims, and are adept at navigating the intricacies of both routine and complex claims scenarios.

Claims and Litigation Team

The Leadership Team at First Chicago Insurance Company is responsible for steering the company towards its strategic goals. Comprising the President, and various Vice Presidents overseeing Claims, Underwriting, Product & Actuarial, and Commercial Lines, as well as the Chief Accounting Officer, this team ensures effective management, operational efficiency, and innovation. They collaborate to drive growth, maintain profitability, and continually seek new opportunities to serve policyholders better.

Leadership Team

The Accounting and Actuarial team at First Chicago Insurance Company is responsible for financial reporting, budgeting, and regulatory compliance to ensure the company's financial health and stability. This team uses statistical analysis and mathematical modeling to assess risk, forecast future claims, and develop pricing strategies for insurance products. They also manage the company's financial statements, ensure adherence to statutory requirements, and provide insights to support strategic decision-making and profitability.

Accounting and Actuarial

This department focuses on analyzing product performance and business processes to provide insights that drive decision-making and strategy.

Product and Business Analysis

The Marketing Team at First Chicago Insurance Company is responsible for developing and implementing comprehensive marketing strategies to promote the company’s personal and commercial auto insurance products. They work on creating advertising campaigns, managing digital marketing efforts, and building relationships with independent producers. Additionally, they conduct market research to identify opportunities for growth, enhance brand visibility, and drive customer acquisition and retention.

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People (3)

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Other teams

Claims and Litigation Team

Leadership Team

Accounting and Actuarial

Product and Business Analysis

Marketing Team

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People (3)

Jobs (0)

Other teams

Claims and Litigation Team

Leadership Team

Accounting and Actuarial

Product and Business Analysis

Marketing Team

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