Movers & shakers: the nationwide homeowners ranking has been shaken up by several insurers among its top 50.Allstate Corp. A.M. Best Company # 00008 (Allstate Insurance Group) Distribution: Exclusive agencies, independent financial professionals Principal products: Allstate sells 13 major lines of insurance including auto, property, life and commercial. The company also offers retirement and investment products and banking services. Headquarters: Northbrook, Ill. Founded: 1931 Public or private: Public since 1993 Chairman and Chief Executive Officer: Edward M. Liddy Edward M. Liddy is Chairman, President and Chief Executive Officer of The Allstate Corporation. He is currently on the Board of 3M, Goldman Sachs and The Kroger Company. • • retires at year end. Thomas J. Wilson Thomas J. Wilson, 49, is president and chief executive officer of The Allstate Corporation and Allstate Insurance Company. Wilson is also a member of the corporations board of directors. Wilson currently lives in Chicago. , president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , ascends to Liddy's posts at year end. Employees: Nearly 70,000 2005 net income: $1,625,609,000 Tower Hill Insurance Group A.M. Best Company # 18636 Distribution: Independent agents Principal products: Tower Hill provides insurance products for Florida, including homeowners, mobile homeowners, dwelling fire, condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. , renters, automobile, umbrella and flood insurance Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding. coverage. Headquarters: Gainesville, Fla. Founded: 1972 Public or private: Private Employees: More than 400 CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Treasurer: William J. Shively 2005 net income: -$2,234,000 California State Auto Group A.M. Best Company # 18460 Distribution: Captive and independent agents Principal products: The group primarily writes private passenger automobile and homeowners coverages, as well as travel, membership and auto services. Headquarters: San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Founded: 1907; the company has been writing homeowners insurance since 1974. Public or private: Private Employees: More than 6,000 CEO: James Pouliot 2005 net income: $276,110,000 Auto-Owners Insurance Auto-Owners Insurance is a Fortune 500 company founded in 1916. It is headquartered in Lansing, Michigan and has over 65 full service and claims branches nationwide. Although the name suggests only auto insurance is provided, it actually provides many lines of insurance including Group A.M. Best Company # 04354 Distribution: Independent agents Principal products: Life insurance, homeowners, auto and commercial business Headquarters: Lansing, Mich. Founded: 1916; the company has been selling general casualty since 1940. Public or private: Public Employees: 3,270 CEO: R.L. Looyenga 2005 net income: $610,795,000 GeoVera Insurance Group A.M. Best. Company # 25045 Distribution: Agents and brokers Principal products: Homeowners and earthquake insurance Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Headquarters: Fairfield, Calif. Founded: 1993 Public or private: Private Employees: 30 at headquarters President and CEO: Kevin Nish 2005 net income: $12,595,000 Mercury General Group A.M. Best Company # 04524 Distribution: Independent agents and brokers Principal products: Personal auto, homeowners, commercial auto liability, auto warranty, commercial multiperil Headquarters: Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Founded: 1961 Public or private: Public Employees: About 3,000 Founder, Chairman and CEO: George Joseph George Joseph, founder of Mercury Insurance Group of Los Angeles, was born in West Virginia in 1921. The son of a West Virginia restaurateur of Lebanese origin, he served as a B-17 navigator in World War II, serving in some 50 missions, and then attended Harvard. 2005 net income: $253,810,000 Unitrin Inc. A.M. Best Company # 05948 Distribution: Independent agents Principal products: Life/health insurance, property/casualty insurance and consumer finance businesses. The P/C group provides auto, homeowners, fire, commercial multiperil, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. . Headquarters: Chicago Founded: 1990 Public or private: Public Employees: 8,200 President and CEO: Donald G. Southwell 2005 net income: $107,105,000 Balboa Balboa, town (1990 pop. 2,751), Colón prov., in the former Panama Canal Zone, on the Gulf of Panama. The port for Panama City, Balboa was the administrative headquarters of the Panama Canal Zone. It was also the site of a U.S. navy base (closed 1999). Insurance Group Inc. A.M. Best Company # 04062 Distribution: Nationwide sales force and the Internet. Principal products: Lender-placed property and auto risks, homeowners, and other credit-related insurance products Headquarters: Irvine, Calif. Founded: 1999 Public or private: Private Employees: 1,834 Senior Managing Director, President and CEO: Robert V. James 2005 net income: $6,637,000 Homesite Group A.M. Best Company # 18488 Distribution: Call centers, licensed agents and producers and the Internet Principal products: Homeowners and related insurance coverages Headquarters: Boston Founded: 1997 Public or private: Private Employees: 41 President: Charles Kline 2005 net income: -$10,959,000 MetLife Auto and Home Group A.M. Best Company # 18552 Distribution: Work-site program, independent agents, MetLife career agents and direct marketing Principal products: Personal automobile, homeowners and related lines of insurance Headquarters: Warwick, R.I. Founded: 1863 Public or private: Public Employees: More than 9,000 Chairman, President and CEO: C. Robert Henrikson Carl "Rob" Robert Henrikson (born c. 1947)[1], is Chairman of the Board, President and Chief Executive Officer of MetLife, Inc. Henrikson was appointed CEO on March 1, 2006 and Chairman of the Board on April 25, 2006. 2005 net income: $344,700,000 Safeco Insurance Cos. A.M. Best Company # 00078 Distribution: Some 10,200 independent agents Principal products: Personal auto, homeowners, commercial multiperil, commercial-auto liability Headquarters: Seattle Founded: 1923 Public or private: Public Employees: 9,181 Chairman and CEO: Paula Rosput Reynolds 2005 net income: $779,847,000 Sources: A.M. Best company reports, company Web sites, Hoover's |
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