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There are 2,381 miles between Branchville, New Jersey and Scottsdale, Arizona. That鈥檚 how far Selective Insurance has traveled since its founding in 1926. What started with a couple people in Branchville has expanded to a super regional insurance agency with more than 2,000 employees and six regional offices across the country, with its newest one in Arizona. This month marks one year since Selective opened for business in the Valley of the Sun and named its Scottsdale location the company鈥檚 southwest regional headquarters.

The company has a history of financial success, expanding across the country and receiving an A rating for 85 consecutive years by A.M. Best Rating Services for its financial strength. Selective provides a mix of insurance coverage including commercial lines in 25 states, personal lines in 13 states, and excess and surplus lines in all 50 states. The majority of its business is commercial insurance coverage, especially in Arizona.

As a company that specializes in commercial insurance, it is no surprise that Selective chose Arizona鈥檚 expanding business scene for its regional headquarters.

Arizona鈥檚 economy is booming. The state ranks in the top five in the country in GDP growth, income growth, and population growth. Over 300 new businesses have expanded or relocated to Arizona in the last 3 years. 鈥淭he economic trends that we鈥檝e seen over the last few years in terms of job growth and construction growth as examples have been very favorable,鈥� commented Shadi Albert, Senior Vice President and Regional Manager of Selective鈥檚 Southwest Region. 鈥淲e also believe that over the next 10 – 20 years that those trends look very optimistic. It鈥檚 a great area to invest because you鈥檝e got that economic momentum.”

In addition to the demand from the business community for another major insurance provider, Albert believes Arizona鈥檚 鈥渂usiness friendly鈥� environment was a huge attraction. 鈥淲e view this state as a very favorable regulatory environment for us and many other insurance companies that operate in the state.鈥�

The move to Arizona spearheaded Selective鈥檚 expansion west, but they will continue to expand their services in the Southwest. Selective recently opened an office in Colorado and plans to open new offices in New Mexico and Utah in October. Selective will hire more employees to its Arizona headquarters in support of its expansion into other states.

Selective comes to Arizona at a time when the state is experiencing rapid business expansion. In the first year of Arizona operations, Selective has had great results with local contractors, schools, manufacturers, golf courses, and more. They are adding to Arizona鈥檚 business boom, insuring many local businesses and not-for-profits that invest in the community. 鈥淲e are bringing a very strong, unique value proposition to the state,鈥� said Albert. 鈥淲e鈥檙e hiring local people and we鈥檙e providing a local service.鈥� That service provides stability for those they insure and is one we can expect to see expand in the years to come.