Printer Friendly
The Free Library
14,735,091 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

American Express Selling Insurance Via Costco.


The American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses.  Property Casualty companies and Costco Insurance Agency Inc., a subsidiary of Costco Wholesale Corp., have formed a partnership to offer auto and homeowners insurance to Costco members.

American Express Property Casualty companies is offering coverage to more than 12 million Costco member households in 22 states, including Arizona, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Maryland, Michigan, Minnesota, Missouri, Nevada, New Mexico, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
, Ohio, Oregon, Pennsylvania, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
, Utah, Virginia, Washington and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). .

American Express Property Casualty, which writes insurance in 36 states, rewards safe drivers for their good driving records with low-cost auto and homeowners insurance. Costco members who meet applicable underwriting criteria could save up to 20% on their auto insurance. As an added benefit, those who have Executive Membership status are eligible to receive one year of free roadside assistance for vehicles covered through this program. Members can receive a quote over the phone by calling (888) 404-5365. Members may also receive a quote online by visiting www.costco.com and clicking on services, then clicking on auto and home insurance.

Insurance provided by the American Express Property Casualty companies, located in Green Bay, Wis., is underwritten by AMEX AMEX

See: American Stock Exchange
 Assurance Co. or IDS Property Casualty Insurance Co.

With more than 35 million cardholders worldwide, Costco operates 363 warehouses, including 262 in the United States.
COPYRIGHT 2001 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:American Express Selling Insurance Via Costco.
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2001
Words:225
Previous Article:Cashing In on High-Tech Growth.(Brief Article)(Statistical Data Included)
Next Article:Insurers Market to Teachers.(Brief Article)
Topics:



Related Articles
American Express Sells Auto Coverage Online.(Brief Article)
SUIT CALLS CITY A TOOL OF COSTCO.(News)
BIZWATCH : MARKETS.(BUSINESS)
No frills fills: discounter Costco gaining larger share of gas market.
A question of conscience.(Editor's Prologue)
The power of the group: membership associations offer more than meets the eye.(Buying Power)
NEW HULL PARK DEDICATED 10 ACRES NAMED FOR RETIRED EYE SURGEON.(News)
SCHWARZENEGGER STUMPS FOR WORKERS' COMP REFORM.(News)(Statistical Data Included)
COSTCO TEST-MARKETING ULTIMATE 'LAYAWAY'.(News)
PacifiCare teams with Costco.(HEALTH INSURANCE)(alliances and partnerships)(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles