Why We Are Strong
While the recent volatility in the financial markets gives us all cause for concern, you can rest assured that California Casualty is prepared for times like these. In fact, we have four times the capital needed to back up every policy we issue.
California Casualty is a policyholder-owned company with a history that dates back to 1914. My great grandfather, Carl G. Brown, Sr., based the company on his own personal reputation for integrity, high ethical standards and devotion to customer service. His original ideas about how to run a company still work today.
We are not a publicly traded company and do not have to take risks to meet our shareholders' expectations. In fact, our old-fashioned, conservative investment philosophy prohibits exposure to the kinds of risks that have shaken Wall Street. We are rated A- (Excellent) by A.M. Best Company. No debt is carried on our balance sheet and we have no liquidity issues. Over the past 94 years, we’ve seen this country go through its share of ups and downs – including the Great Depression. We’ve been there for our policyholders in the past, and you can be sure we’ll be there in the future.
Beau Brown,
CEO
California Casualty