PEMCO
| Company type | Mutual insurance company |
|---|---|
| Industry | Insurance |
| Founded | 1949 |
| Founder | Robert J. Handy |
| Headquarters | Seattle , United States |
Area served | Washington, Oregon |
Key people | Stan W. McNaughton (CEO) |
| Products | Auto, home, boat, and umbrella insurance |
| Website | pemco |
PEMCO Insurance is a mutual insurance provider specializing in personal lines, headquartered in Seattle, Washington, and catering to customers in both Washington and Oregon.
History
In 1936, Robert J. Handy, a Seattle-based school teacher, initiated the Seattle Teachers Credit Union with an initial capital of $5, capitalizing on the then-newly authorized credit union framework. This organization eventually evolved into a network of affiliated businesses, among which PEMCO Insurance emerged.
From 1949’s premium revenue of $8,500, PEMCO experienced substantial growth, reaching almost $500 million by 2021.
Currently recognized as the largest local personal-lines insurer in the Northwest, PEMCO provides coverage options including auto, home, boat, and umbrella insurance.
The company is led by Stan W. McNaughton, who succeeded his father, Stanley O. McNaughton, the company’s head from 1970 to 1998.
PEMCO’s main office is situated in Seattle’s South Lake Union technology district, with an additional regional branch located in Spokane.
Awards
PEMCO has earned numerous accolades for its service and marketing efforts, such as:
- Achieving the highest customer satisfaction rankings among auto insurers in the Northwest by J.D. Power consecutively from 2013 through 2019.
- Receiving honors including “Best Announcer,” “Best Client Campaign,” and “Best of Show” at the Soundies hosted by the Puget Sound Radio Broadcasters Association between 2008 and 2010.
- Securing SAMMY "Best of Show" distinctions for television advertisements from the Insurance Marketing and Communications Association in both 2009 and 2010.