CopperPoint Timeline
1925 |
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Company founded as the State Compensation Fund (SCF) in Phoenix, AZ |
2010 |
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State legislature passes SB 1045 allowing SCF Arizona to become a private company |
2013 |
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SCF privatized and converted to a mutual insurance company CopperPoint Mutual brand is launched CopperPoint is rated for the first-time and receives AM Best rating: A- “Excellent” |
2014 |
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Expansion into Nevada and Colorado via partnership with Argonaut Agency distribution channel created |
2016 |
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Board names new President & CEO Marc Schmittlein CopperPoint introduces Commercial Package and Commercial Auto capabilities |
2017 |
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Acquisition of California-based PacificComp – California’s Workers’ Comp Specialist |
2018 |
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CopperPoint expands to a six-state footprint including Arizona, California, Colorado, Nevada, New Mexico and Utah CopperPoint introduces Commercial Umbrella capabilities |
2019 |
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CopperPoint adopts a new Mutual Holding Company corporate structure |
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Acquisition of Alaska National Insurance Company announced and completed |
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AM Best Upgrade to A (Excellent) for the members of CopperPoint Insurance Group and affirmed Alaska National as A (Excellent) |
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2020 |
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CopperPoint celebrates 95 years in business |