Is Allegheny Casualty Company A Good Company?
UPDATED: Apr 22, 2013
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Asked April 22, 2013
Allegheny Casualty Company is a specialty insurance company founded in Newark, New Jersey in 1936. The company today is a wholly owned subsidiary of International Fidelity Insurance Company, although they continue to operate under their own name. The principal interest of the company lies in surety bonds, but they are also well known as an underwriter of bail bonds.
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Allegheny Casualty Company is not independently rated, because they are a wholly owned subsidiary of International Fidelity Insurance Company. Under that company, they are rated A- (Excellent), with a stable long term outlook of a-. The ratings are considered stable and were last reviewed in January of 2013. Company assets are listed as around 9 million dollars.
Allegheny Casualty Company is a specialty insurance company. Because of the limited range of their products, Allegheny Casualty Company is not unduly affected by the opinion of the public at large. Their target customers are exclusively business related, providing surety and bonds for companies throughout the United States.
Allegheny Casualty Company is available in all 50 states, as well as through the company's dedicated website. Allegheny Casualty Company does not provide coverage to individuals, instead focusing on the needs of their business and corporate clients.
Insurance Products Offered
Allegheny Casualty Company is a commercial and business insurer. The company does not offer products directly to individuals, nor does it underwrite health, life, auto or home insurance. The idea is that specializing in a particular type of policy makes the company better able to meet the demands and needs of their customers.
Answered April 22, 2013 by Anonymous