FCCI Mutual Insurance Holding Company · Sarasota, FL United States
Company Description
Phone: 941-907-3224
Fax: 800-226-3243
Toll Free: 800-226-3243
View FCCI Mutual Insurance Holding Company Locations On A US Map
This link will open in a new window
This link will open in a new window FCCI Mutual Insurance (operating as FCCI Insurance Group) offers a variety of commercial insurance lines in more than a dozen Southeast and Midwest states. Its products include general property and liability insurance, as well as commercial auto, inland marine, and umbrella coverage. The company also insures farms and ranches and offers workers' compensation insurance, and it provides bill review and claims management services.. Additionally, it helps its clients manage risk through a variety of loss control programs, including safety training and online risk management tools. FCCI Insurance Group was founded in 1959 as a Florida workers' compensation insurer. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key FCCI Mutual Insurance Holding Company Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| Employees | 700 |
FCCI Mutual Insurance Holding Company Executives
33 executives listed for FCCI Mutual Insurance Holding Company's Sarasota, FL location.
| Title | Name & Bio | Contact |
| Chairman | John Stafford | Network |
| President, CEO, and Director | G. W. Jacobs | Network |
| EVP and COO | Dave Webber | Network |
Competition
Competitive Landscape for FCCI Mutual Insurance Holding 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 FCCI Mutual Insurance Holding Company Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!