MONTEREY, Calif., July 30, 2014 /PRNewswire/ -- The A.M. Best Company, known for its respected insurance ranking and rating reports based on independent analysis, has listed Capital Insurance Group® (CIG) 131st in the Top 200 Property/Casualty Writers in the United States. This is the regional carrier's best-ever position in A.M. Best's ranking of the largest carriers in the country based on net written premium. CIG has ranked prominently in the listings since 2002, steadily moving up, with significant gains in rankings in 2003, 2005, 2010 and 2012. For the 12th consecutive year, A.M. Best has rated CIG as "A" (Excellent) based on the company's financial security, longevity and stability.
"CIG's persistent presence and rise in rankings demonstrate a more-than-115-year tradition of sound business principles, intelligent growth, and dedication to supporting our Independent Insurance partners," said Peter Cazzolla, President and CEO of Capital Insurance Group. "We've reached our best-ever ranking by growing our business with outstanding insurance products while maintaining superior claims service."
In 2002, Capital Insurance Group was first listed in the A.M. Best Top 200 Property and Casualty Writers at 181 with $168,017 net written premiums. Since then, premiums have grown steadily and consistently, with CIG writing $383,520,000 net premiums in 2013, a significant 11 percent uptick over the previous year. The A.M. Best ratings have become an increasingly important index for helping consumers and insurance agents make coverage decisions.
Founded in 1899, the A.M. Best Company is a worldwide credit-rating agency with a focus on in-depth analysis of the insurance sector. They are a highly regarded by capital market issuers, consumers, and insurance professionals across the globe. Best's Credit Ratings provide a comprehensive, quantitative and qualitative evaluation of a company's financial strength and operating performance.
For more information about the award, visit www.ambest.com
About Capital Insurance Group
Capital Insurance Group® (CIG) is the leading regional property and casualty insurer serving the Western U.S. since 1898. CIG insures Personal Auto, Homeowners, Farmowners, Condo Owners, Vacation Property, Renters, Apartment Building Owners, and many kinds of Commercial and Agricultural Auto and Property. The more-than-115-year-old company is rated "A" (Excellent) by A.M. Best, the independent financial monitor of the insurance industry. CIG manages personal, business, and agriculture risks underwritten by its affiliate companies: California Capital Insurance Company, Eagle West Insurance Company, Nevada Capital Insurance Company, and Monterey Insurance Company. Types of policies may vary from state to state. For more information, please visit www.CIGinsurance.com
CIG Delivers More. Continuously. ™
- A.M. Best Company