Infinity Property and Casualty Corporation · Birmingham, AL United States ·(NASDAQ (GS): IPCC)
Company Description
Phone: 205-870-4000
Fax: 205-803-8231
Toll Free: 800-782-1020
Rankings
- S&P 600
View Infinity Property and Casualty Corporation Locations On A US Map
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This link will open in a new window Infinity Property and Casualty covers all types of drivers, with emphasis on the infinitely bad ones. The insurer primarily provides personal nonstandard auto policies -- Infinity is a leading writer of policies for high-risk drivers in the US. The company also offers standard and preferred personal auto, commercial nonstandard, and classic collector auto insurance. Licensed in all 50 states, the company currently focuses its business on 18 states. Personal auto insurance accounts for more than 90% of its premiums; California accounts for half of that business. The company distributes its products through more than 12,500 independent agents. To read the full description, subscribe now.
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Key Infinity Property and Casualty Corporation Financials
| Company Type | Public - NASDAQ (GS): IPCC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $930.9 |
| 2008 Employees | 1,860 |
Infinity Property and Casualty Corporation Executives
13 executives listed for Infinity Property and Casualty Corporation's Birmingham, AL location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | James Gober | Network |
| John Nixon | Network | |
| Gilles Depardieu | Network |
Competition
Competitive Landscape for Infinity Property and Casualty Corporation
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 Infinity Property and Casualty Corporation Competitors
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