name: Ameriprise car and home insurance
Ameriprise Auto & Home Insurance (Ameriprise Auto & Home Insurance) is an insurance company located in the suburbs of Green Bay, Wisconsin, USA. The company sells cars, homes, apartments, renters, umbrellas (personal liability) and travel insurance. Insurance is underwritten by IDS Property Casualty Insurance Company and Ameriprise Insurance Company, which is a wholly-owned subsidiary of Ameriprise Financial, Inc.
Ameriprise Auto and Home Insurance also cooperates with various professional insurance providers to provide insurance for boats, ATVs, recreational vehicles and motorcycles. It is an affinity marketer, relying almost entirely on strategic partnerships to attract customers. Partners include Costco Wholesale and Ameriprise Financial.
As of December 2012, Ameriprise Auto and Home Insurance has over 700,000 insurance policies in force and generated more than US$800 million in net premiums.
In 1894, John Tappan founded Investors Syndicate in Minneapolis, Minnesota, USA, and was renamed Investors Diversified Services, Inc. in 1949. American Express acquired IDS in 1984 and changed its name to American Express Financial Corporation. The company acquired the Wisconsin Employer Casualty Company in Green Bay in 1986 and renamed it IDS Property Insurance Company.
In 1987, IDS Property Insurance Company began selling car, family and personal liability insurance umbrellas in Wisconsin. In 1988, the company expanded its coverage to include Minnesota, Indiana, Iowa and Ohio. In 1999, the company sold insurance products in 35 states.
In 2000, IDS Property Insurance Company moved its headquarters to Deppel, Wisconsin. In 2005, it became an independent listed company. IDS Property Insurance Company began operating Ameriprise car and home insurance. IDS Property Insurance is still the underwriting company, paired with the newly developed underwriting company Ameriprise Auto and Home Insurance. In the same year, the company also opened a second office in Phoenix, Arizona.
In 2012, Ameriprise Auto and Home Insurance opened its third branch in Las Vegas, Nevada. Today, the company has more than 1,200 employees and provides insurance products in 43 states.
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