Scottsdale Car Insurance Claims

Scottsdale Insurance is a privately-held and wholly owned subsidiary of Nationwide Mutual Insurance Company & Affiliated Companies, more commonly referred to simply as Nationwide, which is one of the largest financial services and insurance companies worldwide. Scottsdale Insurance has its headquarters in Scottsdale, Arizona, has 1,500 employees and reports yearly premium sales of over $2 billion.

Scottsdale Insurance Company is affiliated with National Casualty Company, Scottsdale Indemnity Company and Scottsdale Surplus Lines Insurance Company, and a sister company, Western Heritage.

Scottsdale Insurance Company writes policies for personal and commercial property, casualty, commercial vehicle, and general liability as well as umbrella policies. In addition to the the excess and surplus lines of insurance offered by Scottsdale Insurance, the company also offers coverage for niche markets such as commercial auto risk for non-conventional vehicles—ambulances, car rentals, tow trucks, etc. Contractors’ vehicles such as cement mixers, hired trucks and garbage haulers can also be insured. Even used car dealers may purchase commercial auto risk insurance.

These unusual vehicles may be insured with liability, physical damage, excess auto, cargo, garage and truckers liability.

The company also offers insurance to cover professional liability, public entities, commercial transportation and pets.

History of Scottsdale Insurance

The company began its operations in 1982 with only 12 employees. Over the last 38 years, the company has grown until is one of the largest special liability and excess and surplus insurers in the U.S.

Scottsdale Insurance Business Model

Scottsdale Insurance bases its business model on selling personal property, commercial automobile and casualty insurance policies to those clients deemed to be of higher risk than those generally insured competitor companies. The company operates through a network of brokers, wholesale general agents and program managers countrywide.

Specific laws pertaining to insurance companies offering excess and surplus lines of insurance – the company’s speciality – restrict companies such as Scottsdale from direct sales and advertising of their products. Brokers and general agents therefore sell the company’s products through insurance professionals who make direct contact with the general public.

Scottsdale has many options and benefits to reduce the cost of premiums, such as multiple vehicle insurance, accident-free periods, cover of both home and vehicles and, on certain policies, a 100% repair guarantee on owned vehicles.

Financial Position of Scottsdale Insurance

A M Best, the internationally renowned rating company, previously rated the company as A+XV (superior). Standard and Poor’s rating is A. As at March 25, 2010, A M Best rated the company as A+ (superior) in the financial category of $2 billion upwards, with a negative outlook (aa-). In 2006, Best Companies AZ and The Phoenix Business Journal voted the company as Best Place to Work in the Valley; and the company has been ranked as one of an elite few Training Top 25 companies in the U.S.

Scottsdale reported its annual sales for the year ending December 2008 as $609.6 million, with estimated annual sales of over $1 billion.