Leatherstocking Cooperative Insurance Company

What Leatherstocking Cooperative Insurance Company does

Leatherstocking Cooperative Insurance Company is a regional property and casualty insurer founded in 1886 and headquartered in Cooperstown, New York. Operating exclusively in Upstate New York, the cooperative underwrites both personal lines (homeowners, mobile/manufactured homeowners, seasonal residences, landlords packages including student housing, and dwelling fire) and commercial lines (classic and enhanced Businessowner's Policies, commercial fire, commercial fire and liability, Special Multi-Peril, student housing, and stand-alone inland marine). Optional add-on endorsements include inland flood, equipment breakdown, underground utility line coverage, and identity theft resolution. The carrier holds an A (Excellent) financial strength rating from A.M. Best at Class VII.

The company distributes entirely through a network of licensed independent insurance agents across New York State, appointed via a dedicated Agency Relations function led by VP Josh Burchill, and does not sell direct to consumers. Supporting technology includes an Insured Portal for policyholder self-service (account access, payment history, paperless enrollment), an Agent Portal, and a HelloSign (Dropbox) integration for electronic document signing on forms including Statement of No Loss, Renewal Questionnaires, Underwriting Exclusions, and Commercial Audits. Revenue is generated through recurring insurance premiums collected via annual, 2-pay, 4-pay, 6-pay, or ACH monthly payment plans, with installment fees of $4 on multi-pay plans and a 3.1% convenience fee scheduled for credit/debit card payments beginning November 1, 2025.

Governance reflects the cooperative's policyholder-owned structure: a Board of Directors chaired in spirit by President Philip Lewis (elevated from Assistant Manager in 2007), with Vice President and CISO Mary Jane Conroe, Treasurer Amy Lyon, and recent board additions including Matt Grady (2021), Vince Foti (2023), Lauren Glynn, and Andrew W. Fagon (August 2025). The company is structured as a cooperative insurer serving New York State, with no disclosed private equity, venture capital, or parent company ownership, and no M&A activity recorded.

Name

Leatherstocking Cooperative Insurance Company

Legal name

Leatherstocking Cooperative Insurance Company, Inc.

Website

https://leatherstockinginsurance.com

Company type

Private

Founded year

1886

Operating status

Operating

Headcount range

11–50 employees

Short description

Leatherstocking Cooperative Insurance Company is a regional property and casualty cooperative insurer founded in 1886, serving Upstate New York exclusively through independent agents with personal, commercial, and specialty add-on coverage lines.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Commercial Property Insurance (FSAJACAE), Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)

Keywords

• Property casualty insurance
• Personal lines insurance
• Commercial lines insurance
• Cooperative insurance company
• Independent agent distribution

Headquarters

HQ city

Cooperstown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Leatherstocking generates revenue through property and casualty insurance premiums. They offer both personal and commercial lines coverage. Premiums are collected through various payment plans including annual, 2-pay, 4-pay, 6-pay, and ACH monthly options. The company is a cooperative insurer serving New York State.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Leatherstocking Cooperative Insurance Company provides property and casualty insurance coverage for both personal and commercial properties located in New York State. Its personal lines include homeowners, mobile/manufactured homeowners, seasonal residence, landlords package, and dwelling fire products, while its commercial lines encompass classic and enhanced businessowner's policies (BOP), commercial fire, commercial fire and liability, special multi-peril, student housing, and inland marine coverage. All policies are sold exclusively through a network of independent insurance agents across New York State, with policyholders able to manage accounts through an online Insured Portal.

Product overview

Leatherstocking Cooperative Insurance Company operates as a regional property and casualty insurance provider offering two primary product lines: Personal Lines and Commercial Lines, both available exclusively through independent agents in New York State. Personal Lines include Homeowners, Mobile/Manufactured Homeowners, Seasonal Residence, Seasonal Mobile Home, Landlords Package (including student housing), Dwelling Fire, and Dwelling Fire Mobile Home products. Commercial Lines encompass Classic Businessowner's Policy, Enhanced Businessowner's Policy, Commercial Fire, Commercial Fire and Liability, Special Multi-Peril (SMP), Student Housing, and Inland Marine (stand-alone) coverage. The company also offers several optional add-on coverages including Inland Flood Endorsement, Equipment Breakdown Enhancement Coverage, Underground Utility Line Coverage, and Identity Theft Resolution Service. Digital services include an Insured Portal for policyholder self-service and an Agent Portal for independent agent access.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Standard homeowners insurance coverage for primary residences, providing property protection and liability coverage, available in New York State through independent agents.
• Mobile/Manufactured Homeowners Insurance Insurance coverage designed specifically for mobile and manufactured homes, including specialized endorsements for equipment breakdown, offered in New York State through independent agents.
• Seasonal Residence Insurance Insurance coverage for seasonal or vacation homes, available with inland flood endorsement options, offered in New York State through independent agents.
• Seasonal Mobile Home Insurance Insurance coverage for seasonal mobile and manufactured homes, distributed through independent agents in New York State.
• Landlords Package Insurance Comprehensive landlord insurance package including student housing coverage, with optional equipment breakdown and underground utility line endorsements, sold through independent agents in New York State.
• Dwelling Fire Insurance Fire-focused insurance for dwellings, available with inland flood endorsement and underground utility line coverage options, sold through independent agents in New York State.
• Dwelling Fire Mobile Home Insurance Fire insurance specifically designed for mobile homes, distributed through independent agents in New York State.
• Classic Businessowner's Policy (BOP) Standard business owner's policy providing property and liability coverage for small to medium businesses in New York State, distributed through independent agents.
• Enhanced Businessowner's Policy (BOP) Enhanced business owner's policy with expanded coverage options and higher limits for commercial risks in New York State, distributed through independent agents.
• Commercial Fire Insurance Fire insurance coverage for commercial properties, with optional liability protection, offered in New York State through independent agents.
• Commercial Fire and Liability Insurance Combined commercial fire and general liability coverage for businesses in New York State, sold through independent agents.
• Special Multi-Peril (SMP) Insurance Multi-peril commercial insurance policy covering multiple risks under a single policy for New York State businesses, distributed through independent agents.
• Student Housing Insurance Specialized commercial insurance coverage for student housing properties, including landlord package options, distributed through independent agents in New York State.
• Inland Marine (Stand-alone) Insurance Stand-alone inland marine coverage for movable property, tools, and equipment, for commercial risks in New York State through independent agents.
• Inland Flood Endorsement Optional flood coverage endorsement available for Homeowners (ML-FC form), Dwelling Fire, Seasonal Residence and Landlords programs (FL-FC form). Provides coverage beyond NFIP requirements with flood score eligibility based on property location.
• Equipment Breakdown Enhancement Coverage Optional coverage protecting against costly equipment repairs due to electrical, mechanical, or pressure systems breakdown. Available in Homeowners (ML-346B), Mobile Homeowners (ML-346B), Commercial Lines (SF-345A), and Landlord (FL-345) programs.
• Underground Utility Line Coverage Coverage protecting against unexpected losses from utility line failures. Available in Homeowners (ML-342) and Landlord (FL-342) programs.
• Identity Theft Resolution Service Identity theft resolution service automatically included with homeowners, mobile homeowners and tenant homeowners policies.
• Insured Portal Online self-service portal for policyholders to access accounts, view payment history, manage policies, and enroll in paperless billing; setup takes approximately 5 minutes.
• Agent Portal Online portal for independent agents to manage accounts, submit loss notices, and access policyholder information.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• HelloSigncoreTechnology or IntegrationLeatherstocking has partnered with HelloSign (now part of Dropbox) to enable electronic document signing for policyholders. This partnership allows policyholders to complete and sign documents including Statement of No Loss, Renewal Questionnaires, Underwriting Exclusions (dog, trampoline, swimming pool, private structures), and Commercial Audits (brewery, contractor, convenience store, mobile home park, restaurant, non-profit club) electronically.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Cincinnati Financial Corporation: Regional P&C carrier distributing through appointed independent agents with strong commercial and personal lines focus. Comparable for agent-driven distribution model and conservative regional underwriting philosophy.
• Auto-Owners Insurance: Mutual P&C insurer selling exclusively through independent agents across 26 states. Comparable for its mutual ownership, agent-only distribution, and broad personal/commercial line offerings including specialty property.
• Utica National Insurance Group: New York-based regional P&C mutual writing personal and commercial lines through independent agents in the Northeast. Comparable due to similar NY/Northeast geographic footprint, mutual structure, and reliance on appointed agent distribution.
• Erie Insurance Group: Regional P&C insurer writing through independent agents across the Mid-Atlantic and Northeast, including New York. Comparable for its regional focus, independent agent channel, and mix of personal and commercial lines.
• Shelter Insurance: Mutual P&C carrier writing personal lines (home, auto) through captive and independent agents in the central US. Comparable for its mutual ownership structure, regional concentration, and emphasis on personal property coverage.
• New York Central Mutual Insurance (NYCM): Regional property and casualty mutual headquartered in Edmestono, NY, selling through independent agents across New York State. Highly comparable as a NY-focused cooperative/mutual carrier with similar personal/commercial line mix and agent distribution model.
• Grange Insurance: Mutual P&C carrier operating in the Eastern and Midwestern US through independent agents, with personal and commercial lines. Comparable due to mutual structure and regional independent agent distribution.

Broad incumbents

• Travelers Companies: Large national P&C carrier with deep agent distribution across New York. Competes with Leatherstocking for the same agent relationships and policyholders but operates at vastly greater scale with broader geographic and product diversification.
• Nationwide Mutual Insurance: National mutual P&C carrier with strong NY agency presence. Overlaps with Leatherstocking's product lines and agent channel but competes on a much larger scale and with broader geographic reach.
• State Farm: Largest US personal lines P&C writer with captive agent force in New York. Competes with Leatherstocking in homeowners and mobile/manufactured home coverage but at national scale and through exclusive agent appointments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leatherstocking Cooperative Insurance Company