Baldwin & Lyons, Inc. · Indianapolis, IN United States ·(NASDAQ (GM): BWINB)
Company Description
View Baldwin & Lyons, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window Baldwin & Lyons insures truckers and the bad car drivers who terrorize them. The company's Protective Insurance subsidiary, licensed throughout the US and Canada, writes property and casualty insurance for large trucking fleets with substantial self-insurance and for medium-sized trucking companies with small deductibles. Baldwin & Lyons' Sagamore Insurance unit specializes in providing insurance to high-risk private auto drivers through a network of independent agents in some 30 states. Sagamore also sells physical-damage insurance and liability insurance for small trucking fleets. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Baldwin & Lyons, Inc. Financials
| Company Type | Public - NASDAQ (GM): BWINB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $156.9 |
| 2008 Employees | 312 |
Baldwin & Lyons, Inc. Executives
21 executives listed for Baldwin & Lyons, Inc.'s Indianapolis, IN location.
| Title | Name & Bio | Contact |
| Chairman and CEO; Chairman and CEO, Protective, Sagamore, and B & L Insurance | Gary Miller | Network |
| President, COO, and Director; President, Protective Insurance; and President, Sagamore Insurance | Joseph DeVito | Network |
| EVP and CFO | G. Patrick Corydon | Network |
Competition
Competitive Landscape for Baldwin & Lyons, Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Baldwin & Lyons, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!