Property/casualty insurers: Ranked by 2001 direct statewide property/casualty premiums written. (The List).EXECUTIVE SUMMARY IT'S it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have hard to imagine that the Sept. 11 terrorist attack could be the source of anything positive, especially for the insurance industry, which is expected to have to cough up cough v. coughed, cough·ing, coughs v.intr. 1. To expel air from the lungs suddenly and noisily, often to keep the respiratory passages free of irritating material. 2. as much as $70 billion once all claims are settled. But the attacks came as the industry was entering into one of its hardest markets in years. The result? Property and casualty insurers are hitting customers with big premium hikes. And making them stick. The effect is being felt in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , where the Top 25 property and casualty insurers wrote $34 billion in property, auto and a variety of commercial policies last year, up from $29.2 billion in 2000. Not all sectors, though, benefited. The state 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. crisis that pushed Fremont Fremont (frē`mŏnt). 1 City (1990 pop. 173,339), Alameda co., W Calif., on San Francisco Bay; inc. 1956. Long an agricultural center, with champagne vineyards founded (1870) by Leland Stanford, it still ships fruits and vegetables. General Corp., last year's No. 23, off the list. It also vaulted the State Compensation Insurance Fund The State Compensation Insurance Fund (SCIF or State Fund) is a workers' compensation insurer that is operated as a public enterprise created by the U.S. state of California. of California, the workers' comp comp See comparison. insurer of last resort insurer of last resort An insurance plan that accepts 'uninsurable' persons who have expensive and/or chronic diseases, and cannot obtain coverage at market rates. See Blues. , to No. 2 from No. 5, though there are concerns the fund could get overwhelmed o·ver·whelm tr.v. o·ver·whelmed, o·ver·whelm·ing, o·ver·whelms 1. To surge over and submerge; engulf: waves overwhelming the rocky shoreline. 2. a. by failures in the sector. THE PACESETTER ZURICH NORTH AMERICA North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ZURICH North America, parent company to Farmers Insurance Group, again tops the list of largest property/casualty insurers in L.A. County. Los Angeles-based Farmers was formed in 1928 as an auto insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. , and the sector still accounts for the 60 percent of its business. The company provides management and administrative services to members of its Farmers Insurance Exchange, Truck Insurance Exchange and Fire Insurance Exchange. In 1998, B.A.T. Industries, which owned Farmers, merged with the Zurich Group. The resulting Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group is the nation's third largest home and auto insurer. Most of its U.S. revenues come from Farmers, which offers life insurance through its Farmers New World Life Insurance unit and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. through its Farmers Reinsurance unit. Its exposure has extended beyond its line of insurance products. In April, the group was ordered to pay a $15 million settlement for overcharging automotive insurance customers in Texas, and late last year an Oakland Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. jury awarded $90 million settlement to 2,400 of its claims adjusters in back overtime Overtime is the amount of time someone works beyond normal working hours. Normal hours may be determined in several ways:
At the helm of Farmers, which operates in 41 states and has more than 18,000 employees, is Martin D. Feinstein Feinstein, Finestein (Yiddish:פֿײַנשטײַן, Hebrew:פינשטיין, פיינשטיין , who also sits on Zurich's board. He runs the consumer business in the U.S., Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of and the insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. and five other South American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of nations. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED]
High Earnings
2001 premiums earned by selected companies within Zurich Insurance
Group.
(in millions)
Farmers Insurance Exchange $1,848.9
Fire Insurance Exchange 796.5
Mid-Century Ins. Co. 283.8
Zurich American Ins. Co. 282.7
Truck INs. Exchange 280
Universal Underwriters Ins. Co. 97.2
Assurance Co. of America 72.9
Northerm Insurance Co. of NY 68.8
Fidelity & Deposit Co. of MD. 68
American Guarantee & Liability 61.3
Source: Calif. Dept. of Insurance
Note: Table made from bar graph
Rank Company (Ranking in 2001) Calif. Premium
* name Volume Written
* address (millions)
* 2001
* 2000
* percentage gain (loss)
1 Zurich North America (1) $4,355.1
801 N. Brand Blvd., $3,907.3
Suite Penthouse 11.5%
Glendale 91203
2 State Compensation Ins 3,638.1
Fund of Calif. (5)
900 Corporate Center Drive 1,799
Monterey Park 91754 102.2
3 State Farm Group (2) 3,426.8
31303 Agoura Road 3,054.5
Westlake Village 91363 12.2
4 American International Group (3) 2,610.2
777 S. Figueroa St. 2,567.1
Los Angeles 90017 1.7
5 Allstate Insurance Group (4) 2,362.1
725 W. Town & Country Road, 2,169.6
Suite 400
Orange 92868 8.9
6 California State Auto 1,648.4
Group (3) (6) 1,583.6
4909 Lakewood Blvd., Suite 402 4.1
Lakewood 90712
7 Inter-Insurance Exchange of 1,418.9
the Auto Club (7)
2601 S. Figueroa St. 1,312.6
Los Angeles 90007 8.1
8 Mercury General Group (9) 1,270.5
4484 Wilshire Blvd. 1,138.8
Los Angeles 90010 11.6
9 Allianz of America Inc. (8) 1,166.4
3400 Riverside Drive, Suite 300 1,160.6
Burbank 91505 0.5
10 Nationwide Group (11) 987
2121 Town Centre Place, 820.9
Suite 350 20.2
Anaheim 92806
11 CNA Insurance Cos. (12) 954.7
21650 Oxnard St., Sixth Floor 809.9
Woodland Hills 91367 17.9
12 The Hartford Insurance 929.8
Group (13) 806
1 Pointe Drive, Suite 200 15.4
Brea 92821
13 Travelers/Citigroup 890.9
Companies (14) 800.3
21688 Gateway Center Drive 11.3
Diamond Bar 91765
14 Liberty Mutual Insurance 874.7
Cos. (10) 943.5
333 City Blvd. West, Suite 300 -7.3
Orange 92868
15 Great American P&C Insurance 834.8
Group (16)
750 The City Drive South 726.3
Orange 92868 14.9
16 Kemper Insurance Cos.(20) $834.8
2390 E. Orangewood Ave., $536.4
Suite 400 55.6%
Anaheim 92803
17 SAFECO insurance Cos.(15) 785.8
330 N. Brand Blvd., Tenth Floor 758.4
Glendale 91203 3.6
18 Chubb Group of Insurance Cos.(17) 743.6
801 S. Figueroa st. 685.9
Los Angeles 90017 8.4
19 Royal & SunAlliance USA(19) 708.8
801 N. Brand Blvd., Suite 500 580.3
Glendale 91203 22.1
20 USAA Group(18) 701.5
555 Pointe Drive, Bldg. 1, 639.7
Suite 210
Brea 92822 9.7
21 St. Paul Companies(21) 670.4
800 E. Colorado, Suite 870 511.5
Pasadena 91101 31.1
22 ACE INA Group(25) 670.3
21860 Burbank Blvd., Suite 200 390.4
Woodland Hills 91367 71.7
23 Berkshire Hathaway Insurance 627.7
Group(22) 502.8
465 N. Halstead St., Suite 104 24.8
Pasadena 91107
24 HDI U.S. Group (6) 461.3
333 S. Hope St., Suite 2400 332.2
Los Angeles 90071 38.9
25 Fairfax Financial U.S. Group (7) 442.7
751 E. Daily Drive, Suite 400 352.3
Camarillo 93010 25.7
Rank Company (Ranking in 2001) Calif. Premium
* name Volume Earned
* address (millions)
* 2001
* 2000
* percentage gain (loss)
1 Zurich North America (1) $4,171.4
801 N. Brand Blvd., $3,814.5
Suite Penthouse 9.4%
Glendale 91203
2 State Compensation Ins 3,619.2
Fund of Calif. (5)
900 Corporate Center Drive 1,737.6
Monterey Park 91754 108.3
3 State Farm Group (2) 3,344.4
31303 Agoura Road 3,221.6
Westlake Village 91363 3.8
4 American International Group (3) 2,738.4
777 S. Figueroa St. 2,283.2
Los Angeles 90017 19.9
5 Allstate Insurance Group (4) 2,320
725 W. Town & Country Road, 2,113.1
Suite 400
Orange 92868 9.8
6 California State Auto 1,618.8
Group (3) (6) 1,555.4
4909 Lakewood Blvd., Suite 402 4.1
Lakewood 90712
7 Inter-Insurance Exchange of 1,371.4
the Auto Club (7)
2601 S. Figueroa St. 1,286.3
Los Angeles 90007 6.6
8 Mercury General Group (9) 1,226.6
4484 Wilshire Blvd. 1,124.9
Los Angeles 90010 9
9 Allianz of America Inc. (8) 1,148.7
3400 Riverside Drive, Suite 300 1,162.2
Burbank 91505 -1.2
10 Nationwide Group (11) 920.5
2121 Town Centre Place, 777.8
Suite 350 18.3
Anaheim 92806
11 CNA Insurance Cos. (12) 831.9
21650 Oxnard St., Sixth Floor 873.4
Woodland Hills 91367 -4.8
12 The Hartford Insurance 877.5
Group (13) 743.1
1 Pointe Drive, Suite 200 18.1
Brea 92821
13 Travelers/Citigroup 839.4
Companies (14) 725.1
21688 Gateway Center Drive 15.8
Diamond Bar 91765
14 Liberty Mutual Insurance 871.5
Cos. (10) 909.3
333 City Blvd. West, Suite 300 -4.2
Orange 92868
15 Great American P&C Insurance 788.8
Group (16)
750 The City Drive South 692.4
Orange 92868 13.9
16 Kemper Insurance Cos.(20) $739.2
2390 E. Orangewood Ave., $484
Suite 400 52.7%
Anaheim 92803
17 SAFECO insurance Cos.(15) 778
330 N. Brand Blvd., Tenth Floor 727.5
Glendale 91203 6.9
18 Chubb Group of Insurance Cos.(17) 708.5
801 S. Figueroa st. 662.6
Los Angeles 90017 6.9
19 Royal & SunAlliance USA(19) 670.8
801 N. Brand Blvd., Suite 500 552.1
Glendale 91203 21.5
20 USAA Group(18) 677.8
555 Pointe Drive, Bldg. 1, 623.9
Suite 210
Brea 92822 8.6
21 St. Paul Companies(21) 609.6
800 E. Colorado, Suite 870 468.9
Pasadena 91101 30
22 ACE INA Group(25) 603.2
21860 Burbank Blvd., Suite 200 351.3
Woodland Hills 91367 71.7
23 Berkshire Hathaway Insurance 586.5
Group(22) 472.4
465 N. Halstead St., Suite 104 24.2
Pasadena 91107
24 HDI U.S. Group (6) 439.2
333 S. Hope St., Suite 2400 352.1
Los Angeles 90071 24.7
25 Fairfax Financial U.S. Group (7) 411.9
751 E. Daily Drive, Suite 400 335.6
Camarillo 93010 22.7
Rank Company (Ranking in 2001) Rating Grades California
* name * 2001 Market Share
* address * 2000 * 2001
* 2000
1 Zurich North America (1) A+ 9.9%
801 N. Brand Blvd., no group rating 10.2%
Suite Penthouse
Glendale 91203
2 State Compensation Ins NR-4 (2) 8.3
Fund of Calif. (5)
900 Corporate Center Drive B+ 4.7
Monterey Park 91754
3 State Farm Group (2) A++ 7.8
31303 Agoura Road A++ 8
Westlake Village 91363
4 American International Group (3) no group rating 5.9
777 S. Figueroa St. no group rating 6.7
Los Angeles 90017
5 Allstate Insurance Group (4) A+ 5.4
725 W. Town & Country Road, A+ 5.7
Suite 400
Orange 92868
6 California State Auto A 3.7
Group (3) (6) no group rating 4.1
4909 Lakewood Blvd., Suite 402
Lakewood 90712
7 Inter-Insurance Exchange of A+ 3.2
the Auto Club (7)
2601 S. Figueroa St. A+ 3.4
Los Angeles 90007
8 Mercury General Group (9) no group rating 2.9
4484 Wilshire Blvd. no group rating 3
Los Angeles 90010
9 Allianz of America Inc. (8) no group rating 2.7
3400 Riverside Drive, Suite 300 no group rating 3
Burbank 91505
10 Nationwide Group (11) A+ 2.2
2121 Town Centre Place, A+ 2.1
Suite 350
Anaheim 92806
11 CNA Insurance Cos. (12) A 2.2
21650 Oxnard St., Sixth Floor no group rating 2.1
Woodland Hills 91367
12 The Hartford Insurance no group rating 2.1
Group (13) no group rating 2.1
1 Pointe Drive, Suite 200
Brea 92821
13 Travelers/Citigroup no group rating 2
Companies (14) no group rating 2.1
21688 Gateway Center Drive
Diamond Bar 91765
14 Liberty Mutual Insurance A+ 2
Cos. (10) A+ 2.5
333 City Blvd. West, Suite 300
Orange 92868
15 Great American P&C Insurance NR-5 (4) 1.9
Group (16)
750 The City Drive South no group rating 1.9
Orange 92868
16 Kemper Insurance Cos.(20) A-u (5) 1.9
2390 E. Orangewood Ave., A 1.4
Suite 400
Anaheim 92803
17 SAFECO insurance Cos.(15) A 1.8
330 N. Brand Blvd., Tenth Floor A 2
Glendale 91203
18 Chubb Group of Insurance Cos.(17) A++ 1.7
801 S. Figueroa st. A++ 1.8
Los Angeles 90017
19 Royal & SunAlliance USA(19) no group rating 1.6
801 N. Brand Blvd., Suite 500 no group rating 1.5
Glendale 91203
20 USAA Group(18) A++ 1.6
555 Pointe Drive, Bldg. 1, A++ 1.7
Suite 210
Brea 92822
21 St. Paul Companies(21) A 1.5
800 E. Colorado, Suite 870 A+ 1.6
Pasadena 91101
22 ACE INA Group(25) no group rating 1.5
21860 Burbank Blvd., Suite 200 no group rating 1
Woodland Hills 91367
23 Berkshire Hathaway Insurance no group rating 1.4
Group(22) no group rating 1.3
465 N. Halstead St., Suite 104
Pasadena 91107
24 HDI U.S. Group (6) A-u 1
333 S. Hope St., Suite 2400 no group rating 0.9
Los Angeles 90071
25 Fairfax Financial U.S. Group (7) no group rating 1
751 E. Daily Drive, Suite 400 no group rating 0.9
Camarillo 93010
Rank Company (Ranking in 2001) Writer Ifnormation
* name * direct / agency
* address * major lines
(partial list)
1 Zurich North America (1) agency commercial
801 N. Brand Blvd., property, auto, workers'
Suite Penthouse compensation, liability
Glendale 91203
2 State Compensation Ins direct/agency worker's
Fund of Calif. (5) compensation
900 Corporate Center Drive
Monterey Park 91754
3 State Farm Group (2) direct auto, home,
31303 Agoura Road life, health, fire
Westlake Village 91363
4 American International Group (3) agency property/casualty,
777 S. Figueroa St. marine, life,
Los Angeles 90017 financial services
5 Allstate Insurance Group (4) direct auto, property,
725 W. Town & Country Road, commercial, financial
Suite 400 services
Orange 92868
6 California State Auto direct auto, home, life
Group (3) (6)
4909 Lakewood Blvd., Suite 402
Lakewood 90712
7 Inter-Insurance Exchange of direct auto, homeowner/
the Auto Club (7) condo, renters,
2601 S. Figueroa St. life, boat, personal
Los Angeles 90007 excess liability
8 Mercury General Group (9) agency auto, home owners
4484 Wilshire Blvd.
Los Angeles 90010
9 Allianz of America Inc. (8) agency commercial,
3400 Riverside Drive, Suite 300 international
Burbank 91505
10 Nationwide Group (11) agency auto, homeowners,
2121 Town Centre Place, life
Suite 350
Anaheim 92806
11 CNA Insurance Cos. (12) agency life, commercial,
21650 Oxnard St., Sixth Floor risk management, surety
Woodland Hills 91367
12 The Hartford Insurance agency commercial,
Group (13) property,
1 Pointe Drive, Suite 200 workers' compensation,
Brea 92821 marine, auto
13 Travelers/Citigroup agency workers'
Companies (14) compensation, life,
21688 Gateway Center Drive home, commercial,
Diamond Bar 91765 auto liability
14 Liberty Mutual Insurance direct workers'
Cos. (10) compensation property,
333 City Blvd. West, Suite 300 auto, liability
Orange 92868
15 Great American P&C Insurance agency auto, commercial,
Group (16) health, workers'
750 The City Drive South compensation,
Orange 92868 inland marine
16 Kemper Insurance Cos.(20) agency
2390 E. Orangewood Ave., worker's compensation,
Suite 400 commercial, general
Anaheim 92803 liability, auto
17 SAFECO insurance Cos.(15) agency
330 N. Brand Blvd., Tenth Floor personal, commercial,
Glendale 91203 life surety
18 Chubb Group of Insurance Cos.(17) agency commerical, marine,
801 S. Figueroa st. excess liablity, executive
Los Angeles 90017 coverage, personal insurance
19 Royal & SunAlliance USA(19) agency commercial, corporate,
801 N. Brand Blvd., Suite 500 personal, claims, ocean marine,
Glendale 91203 worker's compensation
20 USAA Group(18) direct
555 Pointe Drive, Bldg. 1, auto, homeowners, life
Suite 210
Brea 92822
21 St. Paul Companies(21) agency property,
800 E. Colorado, Suite 870 liability, auto, workers
Pasadena 91101 compensation, umbrella, ocean
and inland marine, surety
22 ACE INA Group(25) agency accident and health,
21860 Burbank Blvd., Suite 200 aerospace, diversified
Woodland Hills 91367 products, marine,
professional risk, property
23 Berkshire Hathaway Insurance agency
Group(22) workers' compensation
465 N. Halstead St., Suite 104
Pasadena 91107
24 HDI U.S. Group (6) agency
333 S. Hope St., Suite 2400 property
Los Angeles 90071
25 Fairfax Financial U.S. Group (7) agency
751 E. Daily Drive, Suite 400 all lines
Camarillo 93010
Rank Company (Ranking in 2001) Headquarters
* name
* address
1 Zurich North America (1) Schaumburg, III.
801 N. Brand Blvd.,
Suite Penthouse
Glendale 91203
2 State Compensation Ins San Francisco
Fund of Calif. (5)
900 Corporate Center Drive
Monterey Park 91754
3 State Farm Group (2) Bloomington, III.
31303 Agoura Road
Westlake Village 91363
4 American International Group (3) New York
777 S. Figueroa St.
Los Angeles 90017
5 Allstate Insurance Group (4) Northbrook, III.
725 W. Town & Country Road,
Suite 400
Orange 92868
6 California State Auto San Francisco
Group (3) (6)
4909 Lakewood Blvd., Suite 402
Lakewood 90712
7 Inter-Insurance Exchange of Los Angeles
the Auto Club (7)
2601 S. Figueroa St.
Los Angeles 90007
8 Mercury General Group (9) Los Angeles
4484 Wilshire Blvd.
Los Angeles 90010
9 Allianz of America Inc. (8) Burbank
3400 Riverside Drive, Suite 300
Burbank 91505
10 Nationwide Group (11) Columbus, Ohio
2121 Town Centre Place,
Suite 350
Anaheim 92806
11 CNA Insurance Cos. (12) Chicago
21650 Oxnard St., Sixth Floor
Woodland Hills 91367
12 The Hartford Insurance Connecticut
Group (13)
1 Pointe Drive, Suite 200
Brea 92821
13 Travelers/Citigroup Hartford, Conn.
Companies (14)
21688 Gateway Center Drive
Diamond Bar 91765
14 Liberty Mutual Insurance Boston
Cos. (10)
333 City Blvd. West, Suite 300
Orange 92868
15 Great American P&C Insurance Cincinnati
Group (16)
750 The City Drive South
Orange 92868
16 Kemper Insurance Cos.(20) Long Grove, III.
2390 E. Orangewood Ave.,
Suite 400
Anaheim 92803
17 SAFECO insurance Cos.(15) Seattle
330 N. Brand Blvd., Tenth Floor
Glendale 91203
18 Chubb Group of Insurance Cos.(17) Warren, N.J.
801 S. Figueroa st.
Los Angeles 90017
19 Royal & SunAlliance USA(19) Charlotte, N.C.
801 N. Brand Blvd., Suite 500
Glendale 91203
20 USAA Group(18) San Antonio
555 Pointe Drive, Bldg. 1,
Suite 210
Brea 92822
21 St. Paul Companies(21) Minnesota
800 E. Colorado, Suite 870
Pasadena 91101
22 ACE INA Group(25) New York
21860 Burbank Blvd., Suite 200
Woodland Hills 91367
23 Berkshire Hathaway Insurance S. San Francisco
Group(22)
465 N. Halstead St., Suite 104
Pasadena 91107
24 HDI U.S. Group (6) Germany
333 S. Hope St., Suite 2400
Los Angeles 90071
25 Fairfax Financial U.S. Group (7) Ontario, Canada
751 E. Daily Drive, Suite 400
Camarillo 93010
Rank Company (Ranking in 2001) Top Local Executive
* name * name
* address * title
* phone
1 Zurich North America (1) Pam MvcSmith
801 N. Brand Blvd., vice president, Southwest
Suite Penthouse (818) 500-4700
Glendale 91203
2 State Compensation Ins J.C. Tudor
Fund of Calif. (5)
900 Corporate Center Drive vice president
Monterey Park 91754 (877) 405-4545
3 State Farm Group (2) Greg Jones
31303 Agoura Road vice president, California
Westlake Village 91363 (818) 673-2800
4 American International Group (3) Vincent Masucci
777 S. Figueroa St. senior vice president, West
Los Angeles 90017 (213) 689-3500
5 Allstate Insurance Group (4) Robert H. Barge III
725 W. Town & Country Road, field vice president
Suite 400
Orange 92868 (800) 473-4889
6 California State Auto Manuel Maciel
Group (3) (6) regional manager
4909 Lakewood Blvd., Suite 402 (562) 259-3950
Lakewood 90712
7 Inter-Insurance Exchange of Thomas McKeman Jr.
the Auto Club (7)
2601 S. Figueroa St. ceo
Los Angeles 90007 (877) 422-2100
8 Mercury General Group (9) George Joseph
4484 Wilshire Blvd. chairman, ceo
Los Angeles 90010 (323) 937-1060
9 Allianz of America Inc. (8) Wolfgang Schlink
3400 Riverside Drive, Suite 300 president
Burbank 91505 (818) 972-8000
10 Nationwide Group (11) Maria Sherwood
2121 Town Centre Place, district claims manager
Suite 350 (714) 712-4700
Anaheim 92806
11 CNA Insurance Cos. (12) P. Chichester/S. Stonehouse
21650 Oxnard St., Sixth Floor branch president/
Woodland Hills 91367 zone president
(818) 226-5000
12 The Hartford Insurance Patsy Baumgartner
Group (13) regional v.p.
1 Pointe Drive, Suite 200 (800) 221-5473
Brea 92821
13 Travelers/Citigroup Janey Nethery
Companies (14) claims manager
21688 Gateway Center Drive (800) 258-3710
Diamond Bar 91765
14 Liberty Mutual Insurance Christopher R. Mitchell
Cos. (10) regional manager
333 City Blvd. West, Suite 300 (800) 303-0100
Orange 92868
15 Great American P&C Insurance Clark W. Gilbert
Group (16)
750 The City Drive South vice president
Orange 92868 (714) 740-2400
16 Kemper Insurance Cos.(20) John R. Hagerott
2390 E. Orangewood Ave., resident vie president
Suite 400 (714) 935-5700
Anaheim 92803
17 SAFECO insurance Cos.(15) Don Chambers
330 N. Brand Blvd., Tenth Floor v.p., regional
Glendale 91203 marketing mgr.
(818) 956-4200
18 Chubb Group of Insurance Cos.(17) Walter P. Guzzo
801 S. Figueroa st. Senior v.p.,
Los Angeles 90017 managing director
(212) 612-0880
19 Royal & SunAlliance USA(19) John MacDonald
801 N. Brand Blvd., Suite 500 business development
Glendale 91203 manager
(800) 252-0431
20 USAA Group(18) Peter Kofoed
555 Pointe Drive, Bldg. 1, branch manager
Suite 210 (800) 531-8222
Brea 92822
21 St. Paul Companies(21) David A. Kuhn
800 E. Colorado, Suite 870 regional president
Pasadena 91101 (626) 578-7123
22 ACE INA Group(25) Allen Sanderson
21860 Burbank Blvd., Suite 200 regional vice president
Woodland Hills 91367 (818) 712-6240
23 Berkshire Hathaway Insurance Michael G. Beach
Group(22) vice president, claims
465 N. Halstead St., Suite 104 (626)351-1180
Pasadena 91107
24 HDI U.S. Group (6) John Sullivan
333 S. Hope St., Suite 2400 president, ceo
Los Angeles 90071 213-613-0108
25 Fairfax Financial U.S. Group (7) Stephen N. Brett
751 E. Daily Drive, Suite 400 chairman, ceo
Camarillo 93010 (805) 389-7900
NA - Not Available
(1) Grades A++ and A+ are assigned to companies that have demonstrated
superior overall performance when compared to the standards established
by A.M. Best Co. These companies have a very strong ability to meet
their obligations to policyholders over a long period of time.
Grades A and A- are assigned to companies that have demonstrated
excellent over-all performance when compared to the standards
established by A.M. Best Co. These companies have a strong ability to
meet their obligations to policyholders over a long period of time.
Grades B++ and B+ are assigned to companies that have demonstrated very
good overall performance when compared to the standards established by
A.M. Best Co. These companies have a very good ability to meet their
obligations to policyholders over a long period of time.
Grades B and B- are assigned to companies that have demonstrated
adequate over-all performance when compared to the standards established
by A.M. Best Co. These companies have a good ability to meet their
obligations to policyholders but their financial strength may be
vulnerable to unfavorable changes in underwriting or economic
conditions.
(2) NR-4 Not rated per company request.
(3) Group consists of individually rated subsidiaries.
(4) NR-5 assigned to companies that are not formally evaluated.
(5) Rating under review.
(6) Address, rating and top local executive information are for
Insurance Corp. of Hannover, L.A. County memebr of the group.
(7) Fairfax Financial address, phone and management for TIG Specialty
Insurance, L.A. County subsidiary.
Note: Numberical and rating information was supplied by A.M. Best Co.
(Oldwick, N.J.). Other information was supplied by representatives of
the companies themslevel. Insurance companies are ranked by 2001
statewide direct property/casualty premiums written. Fremont General
Corp. ranked No. 23 last year has discontinued its insurance business in
2001.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to enusre the accuracy and throughness
of the list, omissions and typographical errors sometimes occur. Please
send corrections of additions on company letterhead to the Research
Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite
170, Los Angeles 90036. [C]2002 Los Angeles Business Journal. This list
may not be reprinted in whole or in part without prior written
permission from the editor. Reprints are available from Wright's
Reprints, (877)652-5295.
Researched by Natasha Prishva
|
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion