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California voters passed Proposition 103 on November 8, 1988. It in effect made insurance companies require "prior approval" from the California Department of Insurance before implementing property and casualty insurance rates. It passed with 51% of the vote. [1]
Total assets. US$14,342 million (2020) [2] Number of employees. 10,000 (2021) [1] Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses. [3]
The California Department of Insurance ( CDI ), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in California. The CDI has authority over how the insurance industry conducts business within ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics, is a provider of statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers ...
In 1914 Carl G. Brown, Sr. started California Casualty Indemnity Exchange as a customer-owned company offering workers' compensation insurance to California's new and growing industries. The company was based on Carl G. Brown, Sr.’s high ethical standards and business integrity. In 1917 California Casualty began offering auto insurance ...
The Western Mutual Insurance Group is an American group of property and casualty insurance companies, made up of Western Mutual Insurance Company, its sister company Residence Mutual Insurance Company, and Arizona Home Insurance Company (an Arizona-based insurer owned by Western Mutual). Based in Irvine, California, the group writes direct ...
US$ 1.86 billion (2020) Owner. Brookfield Reinsurance (2023–present) Number of employees. 1,515 (2020) Website. www.argogroup.com. Argo Group International Holdings, Inc, or Argo Group ( NYSE : ARGO/PA; NYSE : ARGD), is a U.S.-based underwriter of specialty insurance products in the property and casualty market.