Colonial Life & Accident Insurance Company

Common Life and Accident Insurance Company is an American protection organization arranged in Columbia, South Carolina. Pioneer Life offers powerlessness, incident, life, threat, fundamental sickness and recuperating office control security orchestrates in 49 states. Outskirts Life was set up in 1939 by Edwin Averyt and transformed into a totally asserted helper of Unum in 1993.Tim Arnold has served as Colonial Life's CEO since January 2015.Colonial Life's history takes after back to 1929 when association originator Edwin Averyt was filling in as a bond deals agent in Birmingham, Alabama and met with a past University of Alabama partner who was productive at offering solitary accident security approaches. Averyt later moved to South Carolina to wind up the nearby chief of a firm that sold store reserves securities, United Securities Company of Kansas City, Missouri. In 1937, he earned a $2,000 commission. He raised an additional $3,000 from budgetary masters and set up Mutual Accident Company that year. Basic Accident Company at first sold $1,000 setback procedures for $3 consistently; approaches that were in a general sense the same to the courses of action sold by Averyt's past associate.Basic Accident Company was changed over to a stockholder association in 1939 and renamed Colonial Life and Accident Insurance Company. Edwin

Averyt served as association CEO until 1970 while falling level prosperity obliged his retirement. His tyke, Gayle, supplanted Averyt as CEO. Explorer Life began offering incident and development insurance ways to deal with agents using pre-charge dollars as a piece of 1985. These courses of action spoke to partition of all new techniques issued by the association by 1990. In 1989, Colonial Life made a holding association, Colonial Companies, Inc. Pioneer Life transformed into a totally asserted reinforcement of Colonial Companies.In March 1991, Stephen G. Anteroom was named CEO of Colonial Life. Anteroom had served as association president since 1986. Gayle Averyt held chairmanship of the association. Entryway surrendered from Colonial Life in February 1992 and was supplanted by Frank Smith.Unum increased Colonial Life in 1993 for $571 million. James Orr, Unum's CEO, tackled the position of Colonial Life CEO with the merger. In 2003, Colonial transformed into the named sponsor of the University of South Carolina's ball stadium. The association assented to pay $5.5 million over 12 years for the name rights to Colonial Life Arena. Randall Horn got the opportunity to be Colonial Life president and CEO in 2004. He supplanted Jean Duke. In July 2014, Timothy G. Arnold transformed into the association's pioneer. He acknowledged the piece of CEO in mid 2015.In 2014, Colonial Life completed a Habitat for Humanity building wander in the midst of its 75th remembrance.