PEMCO Insurance is a personal-lines mutual insurance company based in Seattle, Washington that serves only Washington and Oregon residents. In 1936, Seattle school teacher Robert J. Handy took advantage of the newly legalized “credit union” concept to found Seattle Teachers Credit Union. Handy started the credit union with $5 in capital. Out of that enterprise grew a group of seven different but related companies, including PEMCO Insurance. PEMCO has grown from premiums of $8,500 in 1949 to nearly $500 million in 2021. More information...
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