Utica First Insurance Company was founded by local Utica, New York businessmen in 1903 as Utica Fire Insurance Company of Oneida County, NY to serve the property insurance needs of the upstate New York residents. It has developed from that small base into a company which actively writes business in the states of New York, Connecticut, Massachusetts, New Jersey, Ohio, Pennsylvania, and Virginia. In the beginning, the Company wrote exclusively property insurance on an assessable basis. Now its product line has expanded to include Homeowner, Landlord Package, Restaurant and Tavern Program, Convenience Store Program, Small Artisan Package Policy and Business Owner Policies among others.
Now the Company is an Advance Premium Cooperative. This means that the premiums for the policies are no longer subject to assessments if the loss experience is not good. The Company has grown from its humble beginnings, but has remained small in relative terms. This enables the Company to be specific as to the policies and properties and situations that it wants to insure. Instead of trying to be everything to everybody, the Company prefers to be very good at selected things and to emphasize those capabilities.
The Company has used these capabilities and marketed its products exclusively through Independent Agents. It has been growing at a greater pace and operating more profitably than the industry over the past several years. It intends to continue to grow in a controlled fashion offering fair rates to the better than average insured for the lines of business it provides coverage for.