Over the past 94 years we've seen this country go through its share of financial ups and downs -- including the Great Depression
San Mateo, CA (PRWEB) October 26, 2008
While the recent volatility in the financial markets has caused all to take pause, California Casualty (http://www.calcas.com) is proactively reaching out to its association members with a message of reassurance.
Reporting on the company's financial health and direction, Beau Brown, California Casualty CEO, said, "While recent economic turbulence may have some companies on shaky ground, this situation has not had a material impact on the financial strength of California Casualty. With four times the capital needed to back up every insurance policy we issue, association members can rest assured that our company is well positioned to withstand such troubled times."
In business since 1914, California Casualty is a policyholder-owned company that markets to the endorsed association and non-endorsed affinity group marketplace. Its conservative investment philosophy prohibits exposure to the kinds of risks that have shaken Wall Street. California Casualty is rated A- (Excellent) by A.M. Best Company. Brown reports that no debt is carried on its balance sheet and there are no liquidity issues.
"Over the past 94 years we've seen this country go through its share of financial ups and downs -- including the Great Depression," said Brown. "We've been there for our policyholders in the past, and they can be sure we'll be there in the future to provide them with the level of service and protection they expect and deserve."
About California Casualty
California Casualty is a policyholder-owned property and casualty insurance company with a history that dates back to 1914. With assets of approximately $525 million, California Casualty has more than 290,000 policyholders and writes more than $325 million in premiums annually. For more information, visit http://www.calcas.com.
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Senior Vice President, CMO
California Casualty Reports Strong Financial Outlook
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