Company Overview Visit amica.com website
Amica Mutual is a mutual insurance company that was started in 1907. It got its start when several furniture stores banded together to insure against damage or breakage of their goods against the risks of "fires, storms, and other accidents." The name Amica means friend in Latin.
Amica Mutual operates as an insurer's co-op where each member owns one share in the policyholder controlled corporation. The members are allowed to define what coverages will be provided by the policy, so long as they do not violate Massachusetts laws for standard coverage. Today, Amica Mutual provides typical personal insurance products such as home, automobile, life, health and umbrella policies for it's 600+ thousand customers. Their exact market share is unknown because they only take on business in Massachusetts, but it's estimated to be about 1.5% of the national market share for property/casualty insurance companies.