Unitrin Auto Insurance

Unitrin, Inc. Announces May Catastrophe Loss Estimate

CHICAGO--( BUSINESS WIRE )--Unitrin, Inc. (NYSE: UTR) today announced its preliminary estimate of catastrophe losses from severe storms during the month of May 2011. The Company estimates second quarter earnings will include approximately $20 million in pre-tax catastrophe losses related to the May storm activity. Amounts recoverable through reinsurance are estimated to be immaterial.

Unitrin has refined its estimate of its April catastrophe losses and believes the ultimate losses will be approximately $65 million, the lower end of its previously announced range.

Unitrin is a diversified insurance holding company, with subsidiaries that principally provide life, auto, homeowners and other insurance products for individuals and small businesses.

Unitrin’s principal businesses are:

This news release contains forward-looking statements about catastrophe losses. These statements are based on our estimates and assumptions that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be indentified by the fact that they do not relate strictly to historical or current facts. They use words such as “believe(s),” “goal(s),” “target(s),” “estimate(s),” “anticipate(s),” “forecast(s),” “project(s),” “plan(s),” “intend(s),” “expect(s),” “might,” “may” and other words and terms of similar meaning in connection with a discussion of future operating financial performance or financial condition. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance; actual results could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. No assurances can be given that the results contemplated in any forward-looking statements will be achieved or will be achieved in any particular timetable. The Company assumes no obligation to publicly correct or update any forward-looking statements as a result of events or developments subsequent to the date of this presentation. The reader is advised, however, to consult any further disclosures Unitrin makes on related subjects in its filings with the SEC.

Unitrin Direct Auto Insurance Company Review | Giocondai Connection

Unitrin Auto Insurance Company (or Unitrin Direct as it is sometimes called) is a company that might not be that well known simply because they have not specialized in car insurance as long as some other automobile insurance companies have. Nevertheless, this company is one of the best at what they do and they can be a valuable option for people looking into shopping for the best auto insurance out in the market. The company itself specializes in casualty insurance and has not been in the market for that long. The whole company named Unitrin Incorporated was established in the year 1990 as a subsidiary of Teledyne Incorporated. Ever since Unitrin’s birth they have been trying to establish their position as one of the best car insurance companies for the average American and nowadays they offer automobile, life, health, casualty and property insurance to individuals and groups. They are rated by A.M. Best in the top 100 largest insurance providers in the United States and have placed as high as number 28 among its competitors. The company continues to grow and many experts predict that the nation will be seeing more of Unitrin as time goes by. The company has achieved many goals that other companies haven’t done in their entire lives and with only 17 years of existence, Unitrin Incorporated has been steadily rising to the top. Although the company itself was created in 1990, the automobile insurance branch of Unitrin was created only until 2002. This happened when Unitrin Incorporated along with Kempner combined to give birth to Unitrin Direct Auto Insurance Company. They offer their services in 25 states in the United States and they are predicted to expand fully through out the country if they continue to excel in what they are doing. Their website is designed to improve the knowledge of customers for this relatively new company in the automobile insurance field and to enhance their knowledge when it comes to the car insurance business in the United States. Reasons for the great success of Unitrin Direct Automobile Insurance Company include their very competitive pricing. Their channels of distribution and marketing efforts have come a long way to having potential customers notice their coverage and services. Although pricing for automobile insurance varies by state due to the fact that state minimum requirements are all different and some states have more rural population than others (which minimizes the accident and theft rate), Unitrin’s main goal is to save a potential customer 20% or more of the price they are paying for automobile insurance with any other car insurance provider. Another reason that Unitrin has been so successful in attracting some of the American automobile insurance customers has been their services. In their main website they let the customer know that price is not everything they need to look at when shopping for car insurance. Before looking at price they need to trust the company that they are willing to do research on and Unitrin prides in the fact that they are a branch of Unitrin Direct, which is rated A by A.M. Best, has an estimated 6 million policyholders and most important have over 9 billion dollars in assets. It is important for a customer to know that their automobile insurance company is well financially, in order for them to feel secure and trust the company protecting their “risk” when out driving. Last but not least it is important to talk about Unitrin’s great customer service, one of the main reasons they have been doing so good up to date. They have great and friendly customer service representatives and they also train their claim representatives to help customers at all times.

Plunkett's insurance industry almanac

Property/casualty United States and Canada

The 100 Best Dividend-Paying Stocks to Own in America

Jet

The Rotarian