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Home > Property Insurance Coverage > Home Owners Insurance > Harleysville
Harleysville
Harleysville Insurance had its beginnings in 1915 when Alvin Alderfer, concerned by the theft of numerous Ford sedans, gathered the community’s leading citizens at Tyson’s Hotel in Harleysville to discuss his idea of forming an Association like the horse theft societies that area farmers had used for many years to spread the risk among many. Alderfer’s proposal was to form an association to protect their cars. Each member would put in a small membership fee to a fund that would pay the costs of recovering or replacing any of the members’ stolen cars.
The 102 members restricted their business to friends and neighbors until the state Department of Insurance notified Alderfer that his group would have to disband or charter the organization under state laws. On October 9, 1917, the association chartered itself as the Mutual Auto Theft Insurance Company and the Mutual Auto Fire Insurance Company. Two separate entities were required then because state laws prevented the same company from offering both types of protection.
As state laws changed, so did the interests of the company. The Harleysville Mutual Casualty Company was formed in 1922 and merged with the Auto Theft Company in 1933. In 1956, the name was changed to the Harleysville Mutual Insurance Company. Harleysville Life Insurance Company was founded in 1960 to offer individual and group life insurance, disability insurance and retirement plans. New subsidiaries were added to keep pace with the changing insurance industry. Harleysville Group Inc. was formed in 1979 to manage the growing variety of subsidiary operations.
The successful public sale of 2,156,250 shares of Harleysville Group Inc. common stock in 1986 marked a milestone in Harleysville’s history. Going public was a major step toward securing the capital necessary to expand the company's operations. Harleysville’s own territory has expanded far beyond the quiet Pennsylvania community that shares its name. Today, the Harleysville network is represented by about 2,000 employees and some 1,500 agencies in 32 states, and provides a diversity of insurance related products and services, including property, casualty and life insurance.
They predict that their corporate culture will carry on developing in response to changes in their industry, the needs of their work force and the population they serve, and the technology they employ. They will be challenged to develop new values and retool more traditional ones to meet new competitive challenges.
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