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Infinity Property & Casualty Corporation

4,262 bytes added, 19:59, 3 October 2018
Updated article to include Infinity's acquisition by Kemper in 2018.
{{More footnotes|date=July 2015}}
{{Infobox company
| name = Infinity Property & Casualty Corporation
| logo = Infinity Property & Casualty Corporation.gif
| type = [[Subsidiary]]
| parent = [[Kemper Corporation]]
| foundation = 2002
| location = [[Birmingham, Alabama|Birmingham]], [[Alabama]] United States
| key_people = James R. Gober, Executive Chairman<br>Glen N. Godwin, [[Chief Executive Officer]]<br>Samuel J. Simon, President<br>Robert H. Bateman, [[Chief Financial Officer]]
| industry = [[Finance and Insurance]]
| products = [[Vehicle insurance|Auto Insurance]]
| revenue = {{profit}}$1.46 billion [[USD]] (2014)
| num_employees = 2,400 (2014)
| website = {{url|infinityauto.com}}
}}

'''Infinity Property & Casualty Corporation''', was headquartered in [[Birmingham, Alabama|Birmingham]], [[Alabama]], and was a national provider of [[car insurance]] prior to its acquisition by Kemper Insurance Company in July 2018. Infinity Insurance, a top-performing Infinity [[brand]], provided nonstandard car insurance through more than 12,500 independent [[insurance agent|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 [[traffic ticket|tickets]], prior [[DUI]], the driver's age, [[vehicle]] type, or others.

==History==
The company was formed in December 2002 when [[American Financial Group]] transferred its outstanding [[common stock]] 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|NASDAQ Stock Exchange]]. Infinity was acquired by Kemper Insurance Company in July 2018.
==Products==
Infinity offered three types of personal car insurance [[policies]], which differ based on the amount of coverage they provide. Infinity also sold commercial vehicle insurance and classic collector or exotic automobile insurance.

==Competition==
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 Corporation|Progressive]], and [[The Hartford]] as well as more traditional providers like [[Allstate]], [[State Farm]], [[USAA]], and [[Nationwide Mutual Insurance Company|Nationwide]].

==Emerging markets==
According to an annual Brand Survey administered by the independent research group Sentenium<ref>[http://www.sentenium.com/hispanic.htm] {{webarchive |url=https://web.archive.org/web/20100924201306/http://www.sentenium.com/hispanic.htm |date=September 24, 2010 }}</ref> Infinity was called, "the most recognized brand among Hispanics" in California for 2007 and 2008.

==Eco-friendly focus==
According to a press release,<ref>[http://biz.yahoo.com/bizj/070226/1423575.html?.v=1] http://www.greenfleetmagazine.com/channel/green-operations/article/story/2011/04/how-infinity-insurance-created-a-green-fleet-policy-grn.aspx</ref> Infinity replaced its fleet of 400 sport utility vehicles with a more [[fuel efficient]] model. This move to become climate neutral is one part of an overall effort by Infinity to "[[go green]]".

President and then-CEO Jim Gober discusses Infinity's new eco-friendly vehicle fleet.<ref>[http://www.phharval.com/resources/caseStudies/infinity_green.pdf] {{webarchive |url=https://web.archive.org/web/20081003193408/http://www.phharval.com/resources/caseStudies/infinity_green.pdf |date=October 3, 2008 }}</ref><ref>{{cite web|url=https://www.youtube.com/watch?v=11XahJMrWJg |title=YouTube |publisher=YouTube |date= |accessdate=2015-07-09}}</ref>

==References==
{{Reflist}}

==External links==
{{External links|date=July 2015}}

{{DEFAULTSORT:Infinity Property and Casualty Corporation}}
[[Category:Insurance companies of the United States]]
[[Category:Companies based in Birmingham, Alabama]]
[[Category:Companies established in 2002]]
[[Category:Companies formerly listed on NASDAQ]]
[[Category:2002 establishments in Alabama]]
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