TW enters the Oregon auto insurance market
biz.yahoo.com
Company Press Release
20th Century Insurance Enters Oregon With Low, Safe-Drivers-Only Rates
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Feb. 10, 1999--20th Century Insurance Company, known for low rates based on insuring good drivers only, today announced that the company has begun providing coverage for Oregon drivers, following its approval to conduct business in the state by the Oregon Department of Insurance.
Independent studies have demonstrated that the 20th Century approach to selling full-coverage, private-passenger automobile insurance direct to good drivers only, which reduces the level of claims; maintaining centralized operations; and realizing technological and management efficiencies, have allowed the company to provide insurance coverage at rates lower than most other firms. Another factor allowing the company to offer lower rates is that it sells directly to the customer without the use of commissioned sales agents.
''Our continuing commitment to Oregon's safe drivers is to provide them with low premiums and the most efficient customer service, combined with sound business practices and good corporate citizenship in the communities where they work and live,'' said 20th Century President and Chief Executive Officer William L. Mellick.
In addition to Oregon, 20th Century, which provides automobile insurance for more than one million drivers in California and Arizona, has been approved to begin offering its good-drivers-only Insurance programs in the states of Nevada and Washington.
Oregon residents may telephone 800/211-SAVE (7283) for information regarding 20th Century.
20th Century Insurance Company is a subsidiary of 20th Century Industries, the ninth-largest personal auto insurance stock company in the United States. Founded in 1958, the company is traded on the New York Stock Exchange under the trading symbol TW.
20th Century industries is headquartered at 6301 Owensmouth Avenue, Woodland Hills, Calif., 91367; 818/704-3514. 20th Century's address on the Internet is www.20thCenturyInsurance.com.
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Contact:
20th Century Insurance Company, Woodland Hills
Ric Hill, 818/704-3065
or
Cooper Communications Inc.
Martin Cooper, 818/348-8030
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