ICW Group Named 2011 Super Regional Property / Casualty Insurer™
San Diego, CA – June 2, 2011 – Explorer’s parent company, ICW Group, has again been named a Super Regional™ carrier by Demotech, Inc., the official research partner for leading industry publication – Insurance Journal magazine. Since 1985, Demotech has been providing independent financial stability ratings of property / casualty insurers. The criteria for Super Regional P/C Insurers™ was established by Demotech, Inc. in 2007.
Quantitative analysis of 2010 data led Demotech to identify only 162 companies as Super Regional out of nearly 3,000 companies considered. Ranked 67th, ICW Group was selected as a Super Regional™ based on multiple performance metrics, including broad geographic coverage, multi-line capabilities and strong financial performance.
The full report appeared as the cover story in the May 16th issue of Insurance Journal magazine. In the report Joseph Petrelli, president of Demotech, states – “Super Regional insurers are critically important to the insurance industry. These companies are strong, stable markets that work hard for their agents and insureds.”
Read the complete article from Insurance Journal magazine: “2011 Super Regional P/C Insurers“.
About Explorer Insurance Company
Explorer Insurance Company offers private passenger and commercial auto insurance in California, exclusively through independent agents and brokers. Explorer is a member company of ICW Group, a group of multi-line property and casualty insurance carriers that provide workers’ compensation, earthquake and personal and business auto insurance. Explorer is headquartered in Santa Clarita, California. Explorer continues to transform itself into an insurance industry leader dedicated to meeting the needs of its agents and brokers and the people and companies they serve. More information is available at www.explorer-insurance.com.
About ICW Group
Privately held ICW Group represents a group of multi-line property and casualty insurance carriers providing workers’ compensation, earthquake and personal and business auto insurance. Its member companies consist of Insurance Company of the West, Explorer Insurance Company and Independence Casualty and Surety. Based in San Diego, ICW Group continues to transform itself into an insurance industry leader dedicated to meeting the needs of its Agents and the people and companies they insure. More information is available at www.icwgroup.com.