American Family Mutual Insurance Company
Investments
6Partners & Customers
10Service Providers
2About American Family Mutual Insurance Company
American Family Mutual Insurance Company (AmFam) operates as a property-casualty mutual insurance company. The company offers auto, home, life, umbrella, business, health, farm, ranch insurance, and retirement products. It was formerly known as Farmers Mutual Automobile Insurance Company and changed its name to American Family Mutual Insurance Company in 1963. AmFam was founded in 1927 and is based in Madison, Wisconsin.
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Research containing American Family Mutual Insurance Company
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CB Insights Intelligence Analysts have mentioned American Family Mutual Insurance Company in 1 CB Insights research brief, most recently on May 5, 2021.
Latest American Family Mutual Insurance Company News
Mar 27, 2023
News provided by Share this article Share this article MERRILLVILLE, Ind., March 27, 2023 /PRNewswire/ -- This case—GAIL LEWIS HICKS and LARRY HICKS v. AMERICAN FAMILY MUTUAL INSURANCE COMPANY, S.I. ("American Family")—is based upon an automobile accident in Lake County, Indiana [Case #45D02-2007-CT-000727]. The trial court granted the Hickes judgment on the pleadings which is same as summary judgment. American Family filed a motion objecting to court's granting Hickes judgment on the pleadings and subsequently American Family requested trial court to grant American Family a summary judgment which the trial court denied. American Family filed an appeal to Indiana appellate court where said court—in error—granted summary judgment to American Family while judgment on the pleadings had not been vacated thus creating two (2) opposing summary judgments, leaving trial court with the need to correct its rulings. Hickes' pleading alleges American Family's attorney cited inaccurate procedures regarding United States Supreme Court. The doctrine of judicial estoppel serves to protect integrity of judicial systems by preventing parties from asserting positions inconsistent with that party's prior position in same or previous proceeding. Judicial estoppel is not a technical defense to prevent meritorious claims. It differs from equitable estoppels, which focus on the parties' relationship with each other as opposed to their relationship with the court. For the doctrine to apply, a party must have intentionally made a misrepresentation in bad-faith. Once a party shows that another party had knowledge and motive to conceal, the burden of proof shifts to that party to show the nondisclosure at issue was in good faith. SOURCE Attorney John H. Davis & Associates ×
American Family Mutual Insurance Company Investments
6 Investments
American Family Mutual Insurance Company has made 6 investments. Their latest investment was in Babbly as part of their Seed VC - II on June 6, 2022.
American Family Mutual Insurance Company Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/14/2022 | Seed VC - II | Babbly | $2.5M | Yes | 1 | |
5/28/2019 | Seed VC | |||||
12/13/2017 | Biz Plan Competition | |||||
1/25/2017 | Series D | |||||
12/1/2016 | Corporate Minority |
Date | 6/14/2022 | 5/28/2019 | 12/13/2017 | 1/25/2017 | 12/1/2016 |
|---|---|---|---|---|---|
Round | Seed VC - II | Seed VC | Biz Plan Competition | Series D | Corporate Minority |
Company | Babbly | ||||
Amount | $2.5M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
American Family Mutual Insurance Company Acquisitions
7 Acquisitions
American Family Mutual Insurance Company acquired 7 companies. Their latest acquisition was Bold Penguin on January 14, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
1/14/2021 | Series B | $50M | Acquired | 7 | ||
4/2/2019 | ||||||
5/4/2018 | ||||||
12/15/2017 | ||||||
12/14/2017 | Series D |
Date | 1/14/2021 | 4/2/2019 | 5/4/2018 | 12/15/2017 | 12/14/2017 |
|---|---|---|---|---|---|
Investment Stage | Series B | Series D | |||
Companies | |||||
Valuation | |||||
Total Funding | $50M | ||||
Note | Acquired | ||||
Sources | 7 |
American Family Mutual Insurance Company Partners & Customers
10 Partners and customers
American Family Mutual Insurance Company has 10 strategic partners and customers. American Family Mutual Insurance Company recently partnered with Seattle Sounders, Colorado Rapids, and St. Louis CITY SC on April 4, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/5/2023 | Partner | United States | `` We 're proud to expand our commitment to creating stronger connections in communities , especially with our local agency owners , through partnerships with the Colorado Rapids , Seattle Sounders FC , and St. Louis CITY SC , '' said Sherina Smith , chief marketing officer , American Family Insurance . | 1 | |
12/1/2022 | Vendor | United States | American Family Insurance and AWS Team Up to Drive Innovation in the Insurance Industry American Family Insurance 's expanded partnership with Amazon Web Services , Inc. will accelerate the insurance company 's cloud migration . | 5 | |
2/2/2022 | Partner | Canada | Three lessons learned from mentoring insurtech founders In 2020 , American Family Insurance launched an innovative partnership with the Creative Destruction Lab and the University of Wisconsin-Madison that provides support and mentorship to start-up founders in their companies ' early stages . | 1 | |
1/27/2022 | Partner | ||||
6/25/2021 | Partner |
Date | 4/5/2023 | 12/1/2022 | 2/2/2022 | 1/27/2022 | 6/25/2021 |
|---|---|---|---|---|---|
Type | Partner | Vendor | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | Canada | ||
News Snippet | `` We 're proud to expand our commitment to creating stronger connections in communities , especially with our local agency owners , through partnerships with the Colorado Rapids , Seattle Sounders FC , and St. Louis CITY SC , '' said Sherina Smith , chief marketing officer , American Family Insurance . | American Family Insurance and AWS Team Up to Drive Innovation in the Insurance Industry American Family Insurance 's expanded partnership with Amazon Web Services , Inc. will accelerate the insurance company 's cloud migration . | Three lessons learned from mentoring insurtech founders In 2020 , American Family Insurance launched an innovative partnership with the Creative Destruction Lab and the University of Wisconsin-Madison that provides support and mentorship to start-up founders in their companies ' early stages . | ||
Sources | 1 | 5 | 1 |
American Family Mutual Insurance Company Service Providers
2 Service Providers
American Family Mutual Insurance Company has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acquired | Counsel | General Counsel | |
Service Provider | ||
|---|---|---|
Associated Rounds | Acquired | |
Provider Type | Counsel | |
Service Type | General Counsel |
Partnership data by VentureSource
American Family Mutual Insurance Company Team
109 Team Members
American Family Mutual Insurance Company has 109 team members, including current Chief Executive Officer, Bill Westrate.
Name | Work History | Title | Status |
|---|---|---|---|
Bill Westrate | Chief Executive Officer | Current | |
Name | Bill Westrate | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
Compare American Family Mutual Insurance Company to Competitors
Nationwide Mutual Insurance Company (Nationwide) is a diversified insurance and financial services organization. The company provides customers with a wide range of insurance and financial services, including auto, motorcycle, boat, homeowners, pet, life, farm, and commercial insurance. Additionally, it offers annuities, mortgages, mutual funds, pensions, long-term savings plans, and specialty health services. The company was founded in 1926 and is based in Columbus, Ohio.
Amica Insurance is a mutual insurance company. It offers automobile, home, and life insurance. The company also provides insurance for marine, personal umbrella liability, and other insurance products. The company was founded in 1907 and is based in Lincoln, Rhode Island.
New York Life Insurance Company is a mutual life-insurance company. New York Life's family of companies offers life insurance, retirement income, investments, long-term care insurance, institutional asset management, securities products and services, and retail mutual funds.
Mile Auto is a pay-per-mile auto insurance company using patented computer vision technologies to help low-mileage drivers save money. Mile Auto customers use their smartphone's camera to report mileage once a month and then pay based on exact miles driven. The company was founded in 2017 and is based in Atlanta, Georgia.
Counterpart offers management and professional liability insurance products and services. It offers services such as human resource advisory, risk assessment, claims management, brokers platform, and more. The company was founded in 2019 and is based in Covina, California.
Openly provides a homeowner insurance platform. It offers home insurance coverage to consumers through independent agents. Openly was founded in 2017 and is based in Boston, Massachusetts.
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