Infinity Property & Casualty Corporation (NASDAQ: IPCC) is a leader in bringing specialized automobile insurance programs to the marketplace and delivers innovative products and services that are designed to meet the diverse and evolving insurance needs of consumers.
Personal Automobile is our primary insurance product. It provides coverage to individuals for liability to others for bodily injury and property damage and for physical damage to an insured's own vehicle from collision and various other perils. In addition, many states require policies to provide for first party personal injury protection, frequently referred to as no-fault coverage.
Commercial Vehicle provides coverage to businesses for liability to others for bodily injury and property damage and for physical damage to vehicles from collision and various other perils. With our commercial automobile insurance product, we primarily target businesses with fleets of 20 or fewer vehicles and average 1.8 vehicles per policy. We avoid businesses that are involved in what we consider to be hazardous operations or interstate commerce.
Classic Collector provides coverage to individuals with classic collectible or antique automobiles for liability to others for bodily injury and property damage and for physical damage to an insured's own vehicle from collision and various other perils.
We are licensed to write insurance in all 50 states and the District of Columbia, but we focus our operations in targeted urban areas identified in selected Focus States that we believe offer the greatest opportunity for premium growth and profitability.
We classify the states in which we operate into two categories:
- “Focus States” – These states include Arizona, California, Florida and Texas.
- “Other States” – States where we are running off our business.
Our products are available to customers through a network of over 11,200 independent agencies and brokers (with approximately 14,900 locations).