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Infinity Property & Casualty Corporation

Infinity Property & Casualty Corporation
Public
Traded as NASDAQIPCC
S&P 600 Component
Industry Finance and Insurance
Founded 2002
Headquarters Birmingham, Alabama United States
Key people
James R. Gober, Executive Chairman
Glen N. Godwin, Chief Executive Officer
Samuel J. Simon, President
Robert H. Bateman, Chief Financial Officer
Products Auto Insurance
Revenue Increase$1.46 billion USD (2014)
Number of employees
2,400 (2014)
Website www.infinityauto.com

Infinity Property & Casualty Corporation, headquartered in Birmingham, Alabama, is a national provider of car insurance. Infinity Insurance, a top-performing Infinity brand, provides nonstandard car insurance through more than 12,500 independent agents. Nonstandard insurance serves individuals unable to secure coverage through standard insurance companies. This can be due to a driving record with accidents and/or tickets, prior DUI, the driver's age, vehicle type, or others.

The company was formed in December 2002 when American Financial Group transferred its outstanding for Infinity Insurance Companies, Leader Insurance, Windsor Auto, Atlanta Casualty Companies, and Great American Personal Lines into Infinity Property & Casualty. Infinity became a publicly traded company in February 2003 with its listing on the NASDAQ Stock Exchange. Infinity Insurance received an A rating from the Better Business Bureau. A.M. Best rates Infinity's financial strength as “A” (Excellent).

Infinity offers three types of personal car insurance policies, which differ based on the amount of coverage they provide. Infinity also sells commercial vehicle insurance and classic collector or exotic automobile insurance.

According to its web site, Infinity is the third largest provider of nonstandard car insurance through independent agents in the nation. IPCC is also listed one of the top 50 Property and Casualty Insurance companies. Competitors include other writers of nonstandard insurance like GEICO, Progressive, and The Hartford as well as more traditional providers like Allstate, State Farm, USAA, and Nationwide.


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