AMERICAN INDEMNITY. The American Indemnity Company, headquartered in Galveston, offers insurance in Texas and twenty-seven states, primarily in the South. It was incorporated in 1913, the first stock-casualty company incorporated under Texas statutes, by Joseph F. Seinsheimer, who had founded the Seinsheimer Insurance Agency in 1901. The first president of American Indemnity was Sealy Hutchings, and Seinsheimer served as general manager until 1920. Seinsheimer became president after Hutchings resigned in 1931 and was succeeded by his son, J. F. Seinsheimer, Jr., in 1951. In 1931 American Indemnity became a "multiple line insurer," able to write all lines of insurance except life. The company expanded into departments: American Fire and Indemnity Company, founded in 1936; Texas General Indemnity Company, which grew from a company founded in 1919; American Computing Company, founded in 1973; and American Indemnity Lloyds, organized in 1983. In 1973 the firm organized a holding company, American Indemnity Financial Corporation, to assume financial control, but in the 1990s remained under the direction of the Seinsheimer family with J. F. Seinsheimer III as president and chief executive officer. At that time, the company wrote 80 percent of its direct premiums in Texas, was represented by 500 agents nationwide, and employed 300 people.
Image Use Disclaimer
All copyrighted materials included within the Handbook of Texas Online are in accordance with Title 17 U.S.C. Section 107 related to Copyright and “Fair Use” for Non-Profit educational institutions, which permits the Texas State Historical Association (TSHA), to utilize copyrighted materials to further scholarship, education, and inform the public. The TSHA makes every effort to conform to the principles of fair use and to comply with copyright law.
For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml
If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.
The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this article.Handbook of Texas Online, Lisa A. Parker, "American Indemnity," accessed March 25, 2017, http://www.tshaonline.org/handbook/online/articles/djatk.
Uploaded on June 9, 2010. Published by the Texas State Historical Association.