Condor Insurance Co. introduces California homeowners insurance program.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--Dec. 4, 1996--Condor Insurance Co. has introduced a new homeowners insurance program, offering direct sales to California residents. "In recent years, finding homeowners insurance in California has been a significant challenge," said Guy A. Main, president of Condor Insurance Co. "We want to help California get moving again, and a key to that is making insurance available to homeowners in all zip codes zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. throughout the state. While many other companies have restricted their territories within California, we are proud of our commitment to create opportunities for homeowners in this state." Homeowners Insurance -- A Major Issue California has been emerging from a deep recession since 1990. One of the largest stumbling blocks stum·bling block n. An obstacle or impediment. stumbling block Noun any obstacle that prevents something from taking place or progressing Noun 1. to its recovery has been the limited growth of the state's housing market. While job growth since 1990 has been significant, the cost of insurance, magnified by homeowners insurance availability shortages following the 1994 Northridge earthquake The Northridge earthquake occurred on January 17, 1994 at 4:31 AM Pacific Standard Time in the city of Los Angeles, California. The earthquake had a "strong" moment magnitude of 6. , has stunted further growth in a critical sector of the California economy. The large insurance losses from the Northridge earthquake caused many insurers to stop writing new policies in California. In contrast, Condor is making a significant move by offering home buyers broad insurance coverage. A Complete Program Condor's new homeowners insurance program insures owners of single-family homes in California. The program offers broad protection for the house and its contents against losses from fire, lightning, windstorms, vandalism and theft. Extended replacement cost protection for personal and family possessions, as well as personal liability protection and coverage for medical payments, are included in all policies. Additional coverages including earthquake, jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , silverware, art works, stamp and coin collections, computers and cameras are also available. Homeowners can get quotes by calling Condor toll-free at: 888/97-CONDOR Direct Service to Homeowners The cost of homeowners insurance in California is as much an issue as its availability. For this reason, Condor is offering the policies directly to homeowners. "Providing insurance to California residents is a challenge," explained Main. "To do so, we had to approach the problem in an entirely new way. Our solution is to work directly with homeowners. We believe this will allow Condor to give California homeowners what they need -- quality insurance coverage at an affordable price, with straight answers and fast, professional service." California homeowners insurance information is also available at Condor's home page on the World Wide Web at http://www.condorins.com A-Rated Protection Condor Insurance Co. is a member of Amwest Insurance Group Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AMW AMW America's Most Wanted (TV show) AMW Air Mobility Wing AMW Amphibious Warfare AMW Ask Me Why (Beatles song) AMW Angewandte Medienwissenschaft (German: Applied Media Studies) ), one of the leading specialty insurance groups in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With total assets of approximately $150 million, Amwest is rated "A" (Excellent) by A.M. Best Co. Based in El Segundo, Condor provides multi-line property and casualty insurance for individuals and businesses in California and Arizona. Founded in 1970, Amwest Insurance Group guarantees all Condor homeowners policies. CONTACT: Condor Insurance Co., El Segundo Kristina Bugle bugle, brass wind musical instrument consisting of a conical tube coiled once upon itself, capable of producing five or six harmonics. It is usually in G or B flat. , 310/640-2121 cicins@ix.netcom.com http://www.condorins.com |
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