Shelter Insurance Companies · Columbia, MO United States
Company Description
Phone: 573-445-8441
Fax: 573-446-7315
Toll Free: 800-743-5837
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More Companies in: Columbia, Missouri
More Companies in These Related Industries: Life Insurance, Surety Insurance
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This link will open in a new window Maslow's hierarchy of needs didn't include insurance, but once you have shelter, you might want Shelter Insurance. The company offers personal and commercial property/casualty and life insurance products to customers in more than a dozen midwestern and southern states. Its insurance subsidiaries (Shelter Mutual Insurance, Shelter General Insurance, and Shelter Life Insurance) sell their products through dedicated agents. The company's Shelter Financial Bank offers consumer and mortgage loans, CDs, and money market accounts through Shelter agents or online. Shelter Insurance began operating in 1946 as MFA Mutual Insurance with a loan from the Missouri Farmers Association; it changed its name in 1981. To read the full description, subscribe now.
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Key Shelter Insurance Companies Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 3,145 |
Shelter Insurance Companies Executives
27 executives listed for Shelter Insurance Companies's Columbia, MO location.
| Title | Name & Bio | Contact |
| Chair | J. Donald Duello | |
| Vice-Chair | Ann Covington | |
| President, CEO, and Director | J. David Moore |
Competition
Competitive Landscape for Shelter Insurance Companies
Demand is driven by demographics and commercial transactions, as well as by legal or financial requirements affecting customers. 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. The industry is capital-intensive: average annual revenue per worker is about $1 million. 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 Shelter Insurance Companies Competitors
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