Theodore (Ted) Magley, a nearly 45-year employee of the State Auto Insurance Companies and former chairman of the board, died at home on Monday, June 22, after a brief battle with cancer. He was 81.In 1949, shortly after receiving a degree from The Ohio State University, Magley joined State Auto as an auto underwriter. Over the next five decades, he would play a key role in State Auto’s growth from premiums of $14.5 million to nearly $450 million.
After joining the company, Magley served for several years as Ohio automobile underwriting manager and later director of product research and development. In 1968, he was elected assistant vice president, advancing to vice president in 1972. In 1975, he joined the State Auto board of directors and was named director of underwriting. In 1983, he was named vice chairman of the board, then chairman in 1989. Magley retired from State Auto in 1993.
He held the Chartered Property Casualty Underwriter (CPCU) designation and served as a local instructor for the Insurance Institute of America. He was a member of the Speakers Bureau of the Ohio Insurance Information Service and chairman of the Ohio Automobile Insurance Plan Governing Committee.
Magley is survived by his wife, Dorothy, four sons and eight grandchildren.
Family will receive friends on Thursday, June 25 from 6-8 p.m. at Schoedinger Worthington (Ohio) Chapel, 6699 N. High St. A funeral service will be held on Friday at 10 a.m. at Church of the Messiah United Methodist, 51 N. State St., Westerville, Ohio. Memorial contributions may be made to the American Cancer Society, Central Region Office, 870 Michigan Ave., Columbus, Ohio 43215.
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