Insurance
Company Overview of American Family Mutual Insurance Company
Company Overview
6000 American Parkway
Madison, WI 53783
United States
Founded in 1927
7,474 Employees
Key Executives for American Family Mutual Insurance Company
American Family Mutual Insurance Company Key Developments
A Minnesota couple alleges that American Family Mutual Insurance Co. routinely overcharges consumers by overvaluing the replacement cost of personal property in their residences. The lawsuit, filed in Hennepin County District Court, maintains that Charles and Darlene Nelson purchased their insurance policy in 2004 with a replacement value on their home of $184,000 and personal property at $147,000. By 2011, they were being charged for replacement value of $454,000 for their home and personal property of $363,000. The Nelsons claim their property is not worth anywhere near $363,000. The suit alleges that American Family arbitrarily sets personal property coverage at 80% the cost of the dwelling. The Nelsons allege that there are likely other policyholders damaged by the scheme and seek class action status in their lawsuit.
American Family Mutual Insurance Co., Inc. (American Family Insurance Group) is planning to sell regional office building in Eden Prairie. According to American Family officials, the company is consolidating 20 offices around the country to just 6 so that they can control the costs and also bring employees together for better collaboration.
American Family Mutual Insurance Co., Inc. announced that it has named Dan Schultz as president and chief operating officer.
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To contact American Family Mutual Insurance Company, please visit www.amfam.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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