Is Philadelphia Indemnity Insurance a Good Company?
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Asked February 11, 2013
Philadelphia Indemnity Insurance was founded in 1980, growing out of the Maguire Insurance Company which was founded in 1964. Since that time, the company has made several additional acquisitions, and today continues to grow. Philadelphia Indemnity Insurance is a family owned and operated company, managed today by the son of the original company founder.
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Philadelphia Indemnity Insurance is owned by Tokio Marine Holdings, Inc., but maintains its individual business operations.
Philadelphia Indemnity Insurance is rated well by the A.M. Best financial ratings company. They were last rated in September of 2011, at which time they were rated as "A++" (superior), the highest rating available in the insurance industry. They also have a long term outlook of "a++," indicating the company is financially strong and not expected to have any problems in the near future.
Philadelphia Indemnity Insurance is dedicated to the community in a way that few insurance companies are. Because of their contributions on the civic and municipal levels, the company has achieved a high level of customer and community support.
Philadelphia Indemnity Insurance is licensed for business throughout the United States, with offices in 33 states. Because of the commercial nature of their insurance products, such a nation-spanning strategy is necessary to provide sufficient coverages to businesses on the move and growing into new operational territories.
Insurance Products Offered
Philadelphia Indemnity Insurance is a specialty insurance company, offering a range of insurance products to businesses and corporate enterprise. In addition to commercial auto insurance, the company also sells insurance for businesses, including educational, environmental and industrial applications.
Answered February 11, 2013 by Anonymous