Western Mutual Insurance Group is a group of Property and Casualty Insurance

Property insurance

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main...

 companies, made up of Western Mutual Insurance Company, its affiliate, Residence Mutual Insurance Company, and their jointly owned subsidiary, Arizona Home Insurance Company. Based in Irvine, CA, the group writes direct property and casualty insurance in Arizona, California, Colorado, New Mexico, Nevada, Utah and Texas for preferred homeowners. The Western Mutual Insurance Group has a financial strength rating of 'A' (Excellent) by A.M. Best

A.M. Best

A.M. Best Company, Inc., headquartered in Oldwick, New Jersey, is a rating agency designated as a Nationally Recognized Statistical Rating Organization by the United States Securities and Exchange Commission....

, a Nationally Recognized Statistical Rating Organization (NRSRO) by the United States Securities and Exchange Commission

United States Securities and Exchange Commission

The U.S. Securities and Exchange Commission is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States...

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History

Western Mutual was incorporated under the laws of California on March 7, 1942 as a county mutual fire insurer with the title Coast Mutual Fire Insurance Company of Los Angeles County. It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949. On June 27, 1973 amended articles of incorporation changed the form of operation to that of a general mutual insurance company with multiple line authority and the present title of Western Mutual was adopted. The group expanded from California to writing insurance in Nevada and Colorado in 2002. In 2005, Arizona Home Insurance Company was purchased and incorporated into the group, writing policies solely in Arizona while the group continued to expand into Utah and New Mexico. The group began writing new construction home business in Texas with its builder agents in 2007.

Company Structure

Management of the company is under the direction of president and chief executive officer Joe Crail, who has held these positions since 1974 and has been active in the insurance industry since 1971. The company is based in Irvine, California, with offices in Agoura Hills, California and Phoenix, Arizona, with claims adjusters located throughout the states in which business is written.

Arizona Home Insurance Company

Arizona Home Insurance Company has been writing direct homeowners, dwelling fire, earthquake, and allied lines insurance for preferred homeowners in the state of Arizona for more than 20 years. While the company is part of the Western Mutual Insurance Group, Arizona Home Insurance writes only in Arizona, with an office in Phoenix and claims adjusters employed throughout the state of Arizona.

Products

The Group provides homeowners, dwelling fire, condominium, flood, and earthquake insurance throughout the southwestern United States. The company uses extensive underwriting to create a niche market of "preferred homeowners" insurance with lower risk, enabling the company to pass these savings on to their policyholders.

Ratings

In December 2007, the group was awarded the A (Excellent) financial strength rating from AM Best and maintains that rating today. The group’s conservative investment profile, strong operating cash flow, and discipline in underwriting contribute to its high rating.
Residence Mutual was ranked #2 in the state of California for the lowest justified consumer complaints from 2008 to 2010.

The group was rated A “Unsurpassed” in financial stability by Demotech, Inc.

External links

• http://www.westernmutual.com
• http://www.residencemutual.com
• http://www.arizonahomeinsurance.com