What is the National Continental Insurance Company?


Quick Answer

The National Continental Insurance Company is an insurance provider based in Ohio. The company was established to operate the business of fire and casualty insurance, according to Insurance Providers. The company has offices in various U.S. states.

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Full Answer

The company was incorporated in New York in 1897 as Caledonian-American Insurance Company, according to a report published in May 2009 by the State of New York Insurance Department. The company changed names, ownership and its administrative location several times over the years.

It was bought by The Progressive Corporation (whose current name is Progressive Commercial Holdings) in 1985, and its name was changed to National Continental Insurance Company. The administrative offices moved to Cleveland, Ohio, and then to Mayfield Heights, Ohio, in 1988.

The company’s management team is led by the president, William T. Cassella. Other senior officials are Michael W. Bissler, who is the treasurer, and Patricia M Corwin, who is the secretary, according to insuratings.

As of 2013, the company had assets worth $187,439 and liabilities worth $138,548. The net income was

$16,920. The company wrote premiums worth $62,781 that year and net premiums totaled $18,650.

The company is authorized to underwrite various insurance covers, which include allied coverage, auto physical damage, automobile liability, fire, inland marine, liability other than auto, reinsurance and all lines.

The company has offices in various US states and operates under the laws of each state. As of December 31, 2002, its total paid in capital was $6,429,106, according to the State of New York Insurance Department report.

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