CopperPoint Timeline
1925 |
Company founded as the State Compensation Fund (SCF) in Phoenix, AZ |
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2010 |
State legislature passes SB 1045 allowing SCF Arizona to become a private company |
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2013 |
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” |
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2014 |
Expansion into Nevada and Colorado via partnership with Argonaut Agency distribution channel created |
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2016 |
Board names new President & CEO Marc Schmittlein CopperPoint introduces Commercial Package and Commercial Auto capabilities |
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2017 |
Acquisition of California-based PacificComp – California’s Workers’ Comp Specialist |
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2018 |
CopperPoint expands to a six-state footprint including Arizona, California, Colorado, Nevada, New Mexico and Utah CopperPoint introduces Commercial Umbrella capabilities |
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2019 |
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 |
CopperPoint celebrates 95 years in business |