Infinity Property & Casualty Corporation

Infinity Property & Casualty Corporation
Public
Traded as NASDAQ: IPCC
Industry Finance and Insurance
Founded 2002
Headquarters Birmingham, Alabama United States
Key people
 James R. Gober, President and Chief Executive Officer
Robert H. Bateman, Chief Financial Officer
Products Auto Insurance
Revenue Increase$1.46 billion USD (2014)
Number of employees
 2,400 (2014)
Website www.infinityauto.com

Infinity Property & Casualty Corporation, headquartered in Birmingham, Alabama, is a national provider of car insurance. Infinity Insurance, a top-performing Infinity brand, provides nonstandard car insurance through more than 12,500 independent agents. Nonstandard insurance serves individuals unable to secure coverage through standard insurance companies. This can be due to a driving record with accidents and/or tickets, prior DUI, the driver's age, vehicle type, or others.

History

The company was formed in December 2002 when American Financial Group transferred its outstanding common stock for Infinity Insurance Companies, Leader Insurance, Windsor Auto, Atlanta Casualty Companies, and Great American Personal Lines into Infinity Property & Casualty. Infinity became a publicly traded company in February 2003 with its listing on the NASDAQ Stock Exchange. Infinity Insurance received an A rating from the Better Business Bureau.[1] A.M. Best rates Infinity's financial strength as “A” (Excellent).[2]

Products

Infinity offers three types of personal car insurance policies, which differ based on the amount of coverage they provide. Infinity also sells commercial vehicle insurance and classic collector or exotic automobile insurance.

Competition

According to its web site, Infinity is the third largest provider of nonstandard car insurance through independent agents in the nation. IPCC is also listed one of the top 50 Property and Casualty Insurance companies. Competitors include other writers of nonstandard insurance like GEICO, Progressive, and The Hartford as well as more traditional providers like Allstate, State Farm, USAA, and Nationwide.

Emerging markets

According to an annual Brand Survey administered by the independent research group Sentenium[3] Infinity was called, "the most recognized brand among Hispanics" in California for 2007 and 2008.

Eco-friendly focus

According to a press release,[4] Infinity replaced its fleet of 400 sport utility vehicles with a more fuel efficient model. This move to become climate neutral is one part of an overall effort by Infinity to "go green".

President and CEO Jim Gober discusses Infinity's new eco-friendly vehicle fleet.[5][6]

References

  1. ↑ "Infinity Insurance Company Business Review in Birmingham, AL - Central and South Alabama BBB". www.bbb.org. Retrieved 2016-01-21.
  2. ↑ "Infinity Insurance Company - Company Profile - Best's Credit Rating Center". www3.ambest.com. Retrieved 2016-01-21.
  3. ↑ Archived September 24, 2010, at the Wayback Machine.
  4. ↑ http://www.greenfleetmagazine.com/channel/green-operations/article/story/2011/04/how-infinity-insurance-created-a-green-fleet-policy-grn.aspx
  5. ↑ Archived October 3, 2008, at the Wayback Machine.
  6. ↑ "YouTube". YouTube. Retrieved 2015-07-09.
This article is issued from Wikipedia - version of the 11/25/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.