Bristol West Holdings, Inc. · Davie, FL United States
Company Description
View Bristol West Holdings, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window Looking for auto coverage? Go west, young man -- or east, north, or south. Bristol West Holdings Bristol West Holdings sells non-standard private passenger insurance; that is, insurance for those who have trouble getting standard coverage because of bad driving records, age, limited financial resources, and the like. The company operates in some 37 states through about 10,000 agents. Though the majority of Bristol West's customers buy minimum liability policies, the company also offers collision and comprehensive coverage, as well as medical payments coverage that pays for health care costs related to automobile accidents. Bristol West is a subsidiary of Farmers Group , a unit of Zurich Financial Services .
To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Bristol West Holdings, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 1,154 |
Bristol West Holdings, Inc. Executives
11 executives listed for Bristol West Holdings, Inc.'s Davie, FL location.
| Title | Name & Bio | Contact |
| President | Robert Sadler | Network |
| SVP Operations | Anne Bandi | Network |
| SVP and CIO | John Ondeck | Network |
Competition
Competitive Landscape for Bristol West Holdings, 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 Bristol West Holdings, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!