Guardian Life Insurance Company of America
Encyclopedia
The Guardian Life Insurance Company of America (GLICOA) is a Fortune 300 company founded in 1860 in New York, New York. It is the fourth largest mutual life insurance
company in the United States.
and helped draft a constitution for a united Germany. Accused of treason, he fled post-revolution Europe and landed in the U.S. With start-up funds from fellow German refugees, he opened Germania Life Insurance Company in 1860 on Wall Street in New York, to cover the growing number of German immigrants arriving on American shores. Two years later, he opened a branch in San Francisco, and later across the country, reaching territories such as Colorado, New Mexico, and the Dakotas.
In 1868, Germania became the first U.S. insurance company to start an agency in Europe. By the early 1900s, almost half its business was outside North America, until the pressures of World War I forced it to stop its business in Europe.
As operations expanded, the company moved to Union Square in Manhattan in 1911 – a location that would serve as Guardian's headquarters for more than 85 years. In 1979, Guardian began to regionalize many Home Office functions, and satellite offices are now located in Bethlehem, PA; Appleton, WI; Spokane, WA; and Norwell, MA. In 1999, spurred by growth into a diversified financial services company, Guardian relocated its headquarters to 7 Hanover Square in the Wall Street area of New York City. In July 2001, the company completed a merger with Berkshire Life Insurance Company of America (BLICOA) to capitalize on the synergies in the disability insurance business that existed between the two organizations. In 2006, Guardian acquired a majority interest in RS Investments.
Countdown with Keith Olbermann
reported on 6 November 2009 that faced with adverse publicity, and apologized and reversed their decision.
Mutual insurance
A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance. Under this idea, what would have been profits are...
company in the United States.
Current business
A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries sell life, long term care insurance, disability income, group medical and dental insurance products, and offer 401(k), annuities and other financial products. Guardian operates one of the largest dental networks in the United States, covering more than six million employees and their families at 120,000 companies. The company has more than 5,400 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.History
Guardian founder Hugo Wesendonck, a German civil rights lawyer, participated in the 1848-49 revolutionRevolutions of 1848 in the German states
The Revolutions of 1848 in the German states, also called the March Revolution – part of the Revolutions of 1848 that broke out in many countries of Europe – were a series of loosely coordinated protests and rebellions in the states of the German Confederation, including the Austrian Empire...
and helped draft a constitution for a united Germany. Accused of treason, he fled post-revolution Europe and landed in the U.S. With start-up funds from fellow German refugees, he opened Germania Life Insurance Company in 1860 on Wall Street in New York, to cover the growing number of German immigrants arriving on American shores. Two years later, he opened a branch in San Francisco, and later across the country, reaching territories such as Colorado, New Mexico, and the Dakotas.
In 1868, Germania became the first U.S. insurance company to start an agency in Europe. By the early 1900s, almost half its business was outside North America, until the pressures of World War I forced it to stop its business in Europe.
As operations expanded, the company moved to Union Square in Manhattan in 1911 – a location that would serve as Guardian's headquarters for more than 85 years. In 1979, Guardian began to regionalize many Home Office functions, and satellite offices are now located in Bethlehem, PA; Appleton, WI; Spokane, WA; and Norwell, MA. In 1999, spurred by growth into a diversified financial services company, Guardian relocated its headquarters to 7 Hanover Square in the Wall Street area of New York City. In July 2001, the company completed a merger with Berkshire Life Insurance Company of America (BLICOA) to capitalize on the synergies in the disability insurance business that existed between the two organizations. In 2006, Guardian acquired a majority interest in RS Investments.
Controversy
On October 14, 2009, the Washington Times reported the company updates one policy offering unlimited home nursing in effect in New York state before any claims. The company was in the right after having won a court case proving they were within the framework of the law. Guardian, however, choose to honor the family's request.Countdown with Keith Olbermann
Countdown with Keith Olbermann
Countdown with Keith Olbermann is an hour-long weeknight news and political commentary program that airs on Current TV, where it began airing on June 20, 2011. The program was broadcast on MSNBC from March 31, 2003, to January 21, 2011. On MSNBC, the show presented five selected news stories of...
reported on 6 November 2009 that faced with adverse publicity, and apologized and reversed their decision.