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The companies now operate in only 13 eastern states and the District of Columbia. Even so, the auto company is the fourth largest insurer of cars in the nation.
Murray D. Lincoln, president, set the keynote of the program in ; his opening remarks when he said the time had come for the com- , panics to take a “new look” at j themselves.
National expansion, he said, presented a tremendous challenge to everyone connected with the companies.
“We can effectively meet this challenge, he asserted, “only il wt continue to find out what people’s ? needs are—and then help people meet those needs through our companies.”
During the telecast, Executive . Vice President Bowman Doss detailed some of the reasons behind the'decision to expand. The companies’ rapid growth, he said, argued for expansion. He 4 pointed out that in the last 23 years, policies in force had risen from 79,000 to 2,900,000. In the same period, assets jumped from $2,633,000 to about $210,000,000. '
“The companies,” he said, “have developed unique methods of operation which have been highly successful and should work equally as well in other parts of the country.” : ■ ■;
He pointed out also that the companies would be able to retain much of the present in-force " business now being lost when policyholders move outside the companies’ present operating ter- > ritrtrv.
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