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Company Information
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Company History
First American Property & Casualty Insurance Company (formerly Great Pacific) began business in 1979 as a California-domiciled company. At that time the company wrote specialty insurance in a small number of states, but had plans for rapid expansion. In 1987, First American Property & Casualty (formerly Great Pacific) entered into an agreement with the Federal Insurance Administration, a branch of FEMA, to issue flood insurance policies. From 1993 through 1998, First American Property & Casualty (Great Pacific) outperformed the combined loss and expense ratio for the entire insurance industry for the category of fire insurance. This performance helped the company earn an "Excellent" (A) rating from A.M. Best, the oldest and most recognized rating service in the world to report on insurer financial performance. Today, First American Property & Casualty is licensed to write insurance in 46 states and the District of Columbia. The Company writes homeowner insurance in a growing number of states. In addition, First American Property & Casualty provides commercial insurance products to businesses and lenders across the country. Currently these products include the Eagle 9TM UCC Insurance Division for commercial personal property. |
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The First American Corporation acquired Great Pacific Insurance Company and changed the name of that insurer to First American Property & Casualty Insurance Company.