First Insurance Company of Hawaii
Since 1911, We’ve had hawaii covered
When Home Insurance was founded in 1911, all of Hawaii’s insurance premiums were flowing out of the territory to U.S. and foreign carriers.
Many were skeptical about the young company’s prospects. In 1917, a Honolulu Star-Bulletin reporter wrote: “…when the company started some six years ago the general impression among the insurance fraternity seemed to be that a local company could not exist and some of the wisest ones predicted a complete failure within a few months.”
Despite the early doubters, the company continued to thrive, validating the value provided by a local insurance industry. Upon turning 50 in 1961, Home Insurance changed its name to First Insurance Company of Hawaii (FICOH). Today, First Insurance associates take pride in protecting and furthering the company’s 100-plus year legacy.
To keep step with the social and economic changes that have transformed Hawaii over the past century, FICOH has continually evolved its commercial and personal lines products and services. The company has remained relevant to local families and businesses by listening to its independent agencies; knowing the market; and diversifying its product and service offerings.
Committed to becoming the foremost provider of risk management solutions in Hawaii, FICOH created First Risk Management Services (FiRMS) in 2002 to develop new capabilities and products to supplement FICOH’s standard market risk appetite. The FiRMS Claims Services business unit, formed in 2013, provides claims adjusting services for all lines of business.
From its beginning, FICOH has endeavored to make Hawaii a vibrant place through community leadership, service and charitable contributions. Associates log more than 1,000 volunteer hours every year, while donations from FICOH’s Charitable Foundation topped $400,000 in 2013.
FICOH maintains an “A+” rating from A.M. Best Co. and Standard & Poor’s, demonstrating its responsible approach to business and enduring commitment to the Hawaii market. As determined by the Ward Group, it is also one of the Top 50 Property and Casualty insurance companies in the nation.
In 1911, Home Insurance was a young start-up trying to prove itself. From those humble beginnings, it is incredible to believe the company’s associates are still serving local customers and the larger community more than 100 years later.