Infinity Property & Casualty Corporation
| File:Infinity Property & Casualty Corporation.gif | |
| Subsidiary | |
| ISIN | 🆔 |
| Industry | Finance and Insurance |
| Founded 📆 | 2002 |
| Founder 👔 | |
| Headquarters 🏙️ | Birmingham, Alabama United States |
Area served 🗺️ | |
Key people | James R. Gober, Executive Chairman Glen N. Godwin, Chief Executive Officer Samuel J. Simon, President Robert H. Bateman, Chief Financial Officer |
| Products 📟 | Auto Insurance |
| Revenue🤑 |  $1.46 billion USD (2014) |
| Members | |
Number of employees | 2,400 (2014) |
| Parent | Kemper Corporation |
| 🌐 Website | infinityauto |
| 📇 Address | |
| 📞 telephone | |
Infinity Property & Casualty Corporation, was headquartered in Birmingham, Alabama, and was a national provider of car insurance prior to its acquisition by Kemper Insurance Company in July 2018. Infinity Insurance, a top-performing Infinity brand, provided nonstandard car insurance through more than 12,500 independent agents.[citation needed] Nonstandard insurance serves individuals unable to secure coverage through standard insurance companies. This can be due to a driving record with accidents and/or tickets, prior DUI, the driver's age, vehicle type, or others.
History[edit]
The company was formed in December 2002 when American Financial Group transferred its outstanding common stock for Infinity Insurance Companies, Leader Insurance, Windsor Auto, Atlanta Casualty Companies, and Great American Personal Lines into Infinity Property & Casualty.[citation needed] Infinity became a publicly traded company in February 2003 with its listing on the NASDAQ Stock Exchange. Infinity was acquired by Kemper Insurance Company in July 2018.[citation needed]
Products[edit]
Infinity offered three types of personal car insurance policies, which differ based on the amount of coverage they provide. Infinity also sold commercial vehicle insurance and classic collector or exotic automobile insurance.
Competition[edit]
According to its web site, Infinity is the third largest provider of nonstandard car insurance through independent agents in the nation. IPCC is also listed one of the top 50 Property and Casualty Insurance companies. Competitors include other writers of nonstandard insurance like GEICO, Progressive, and The Hartford as well as more traditional providers like Allstate, State Farm, USAA, and Nationwide.
Emerging markets[edit]
According to an annual Brand Survey administered by the independent research group Sentenium[1] Infinity was called, "the most recognized brand among Hispanics" in California for 2007 and 2008.
Eco-friendly focus[edit]
According to a press release,[2] Infinity replaced its fleet of 400 sport utility vehicles with a more fuel efficient model. This move to become climate neutral is one part of an overall effort by Infinity to "go green".
President and then-CEO Jim Gober discusses Infinity's new eco-friendly vehicle fleet.[3][4]
References[edit]
- ↑ [1] Archived September 24, 2010, at the Wayback Machine
- ↑ [2] http://www.greenfleetmagazine.com/channel/green-operations/article/story/2011/04/how-infinity-insurance-created-a-green-fleet-policy-grn.aspx
- ↑ [3] Archived October 3, 2008, at the Wayback Machine
- ↑ "YouTube". YouTube. Retrieved 2015-07-09.
External links[edit]
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