Century-National Insurance Company · North Hollywood, CA United States
Company Description
Phone: 818-760-0880
Fax: 818-509-1526
Toll Free: 800-733-0880
View Century-National Insurance Company Locations On A US Map
This link will open in a new window
This link will open in a new window Got a house clinging to the edge of a cliff in California? Century-National Insurance will talk with you, even if other insurers wouldn't touch your house with a 10-foot pole. The company sells personal and commercial property/casualty insurance and specializes in homeowners coverage. To better serve the California market, it offers a line of earthquake-only policies. It also offers personal and commercial auto insurance. In addition to California, Century-National offers homeowners insurance in Arizona, Nevada, Oregon, and Washington; it is licensed in about 40 states. The company traces its roots to 1956, and it has been owned by private insurance holding company Kramer-Wilson since 1972. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Century-National Insurance Company Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $154.7 |
| Employees | 320 |
Century-National Insurance Company Executives
3 executives listed for Century-National Insurance Company's North Hollywood, CA location.
| Title | Name & Bio | Contact |
| President | Weldon Wilson | Network |
| CFO | Judy Osborn | Network |
| VP | Kevin Wilson | Network |
Competition
Competitive Landscape for Century-National Insurance Company
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 Century-National Insurance Company Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!