Wesco Financial Corporation, through its subsidiaries, engages in insurance, furniture rental, and steel service center businesses. It operates in three segments: Insurance, Furniture Rental, and Industrial. The Insurance segment offers property and casualty insurance, and reinsurance products, as well as specialized insurance coverage for banks. The Furniture Rental segment provides rental furniture, accessories, and related services to corporate and individual customers in the rent-to-rent segment of the furniture industry. It also sells previously rented furniture through company-owned clearance centers. As of December 31, 2004, Wesco operated 100 showrooms and 87 clearance centers in 34 states and the District of Columbia. The Industrial segment operates steel service centers in the Chicago and Charlotte metropolitan areas, which buy various metals, cut these metals to order, and sell them to various customers. In addition, Wesco manages a commercial property. The company was founded in 1925 and is based in Pasadena, California. Wesco Financial Corporation is a subsidiary of Blue Chip Stamps.
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