Cornerstone National Insurance Company · Columbia, MO United States
Company Description
Phone: 573-817-2481
Fax: 573-817-1711
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This link will open in a new window There's no accounting for bad taste, but at least there's accounting for bad driving. Cornerstone National Insurance provides personal property/casualty coverage, focusing on auto insurance. It operates primarily in its home state of Missouri but also sells car insurance in Arkansas, Florida, Kansas, and Oklahoma; in Florida, it offers non-standard insurance for drivers with less than stellar driving records. Additionally, in Louisiana and Colorado, the company sell crop insurance and provides federal flood insurance in some markets. It distributes its products through its own brokerage and a network of independent agents. Affiliate Cornerstone Life Brokers distributes life insurance and annuities. To read the full description, subscribe now.
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Key Cornerstone National Insurance Company Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| Employees | 99 |
Cornerstone National Insurance Company Executives
3 executives listed for Cornerstone National Insurance Company's Columbia, MO location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Jim French | Network |
| COO | Roger Walker | Network |
| VP Public and Investor Relations | Bob Reid | Network |
Competition
Competitive Landscape for Cornerstone 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 Cornerstone National Insurance Company Competitors
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