Westminster American Insurance Company (WAIC) has been a prominent player in the insurance industry since its founding in 1869. Originally established as the Mutual Fire Insurance Company of Carroll County, the company primarily focused on homeowners and farm owners’ policies. Over the years, WAIC has transformed into a leading provider of commercial real estate insurance in the Mid-Atlantic region, offering coverage across 12 states, including Maryland, Pennsylvania, Virginia, and several others.
The company has built a reputation for delivering exceptional service and forging strong relationships with its clients and agents. By distinguishing itself in a competitive market, WAIC prides itself on providing not only robust insurance products but also personalized support that enhances customer satisfaction.
Under recent leadership, WAIC has experienced significant growth, with premiums escalating from under $4 million in 2005 to an impressive $77 million by the end of 2023. This journey began when the Scott family, led by John Scott, Sr., reacquired the company, which had a substantial amount of surplus transferred with it. With John Scott, Jr. at the helm as President and CEO, WAIC continues to focus on expanding its presence and offerings in the insurance market.
The company's portfolio now includes a variety of insurance products tailored for habitational, office, and retail properties. WAIC remains dedicated to fostering an environment that prioritizes not only the financial well-being of its insureds but also the broader community, as evidenced by its ongoing public safety initiatives and employee engagement programs. As a well-respected institution in the insurance landscape, Westminster American Insurance Company stands as a reliable partner for property owners in the Mid-Atlantic region.
