Why you can trust Insure.com
Last updated July 10, 2009
Public Employees Mutual Insurance Company (PEMCO) was established in 1949 as a Seattle-based provider for auto, home, boat, life and umbrella insurance to Washington state residents. PEMCO Insurance is sold by community agents throughout the state through PEMCO offices.
In 1936, Seattle schoolteacher Robert J. Handy took advantage of the newly legalized “credit union” concept and founded the Seattle Teachers Credit Union (now School Employees Credit Union of Washington). Handy is reputed to have started the credit union with only $5 in capital. Out of that enterprise grew a group of seven different but related companies, the largest of which is now PEMCO Insurance. PEMCO has grown from premiums of $8,500 in 1949 to $322 million in 2006.
PEMCO’s stated niche market is “preferred risk”– policyholders who are least likely to have traffic tickets or car accidents and who take proactive steps to protect their property with safeguards like car alarms, smoke detectors and deadbolt locks.
PEMCO offers a wide selection of auto insurance coverages:
Contact PEMCO at:
PEMCO Insurance Company 325 Eastlake Ave. East Seattle, WA 98109-5466 Telephone: (800) 467-3626
Sources: PEMCO press release, May 19, 2009; “PEMCO”, Wikipedia, February 13, 2009; “Auto Coverages”, PEMCO web site, 2009