Dallas National Auto Insurance Review

This Dallas National Auto Insurance Review provides information about Dallas, Texas-based Dallas National Insurance Company. Dallas National Insurance Company doesn’t focus on auto insurance comparison but, as an insurance industry partner to the construction sector, writes commercial property and casualty insurance coverage.  Take a moment to request completely free comparative auto insurance quotes by providing your zip code now!

Dallas National Auto Insurance history

Dallas National Insurance Company (DNIC) was formed after the merger of the California Indemnity Insurance Co. and Dallas Fire Insurance Company founded in July 1962. California Indemnity Insurance Company was formed in the state of California and began operations in 1988. Dallas Fire Insurance Company was bought by Charles D. Wood Jr., an insurance businessman. The acquisition of DNIC was approved by the State of Texas Insurance Department in 2003. At that time, Texas authorized the company to write liability insurance within the state.

In 2004, California Indemnity Insurance Company was purchased by New York-headquartered FolksAmerica Holding Company. The next year, Charles D. Wood Jr. purchased the company. In September 2005, Wood sought to move the company’s domicile to Texas.

Dallas National Insurance Company was formed after the merger. The company sought to add other property and casualty (including surplus insurance) lines of business to the Texas marketplace.

Dallas National Auto Insurance agents

Dallas National Insurance Company uses the services of independent insurance agents and brokers throughout 18 states to distribute the company’s insurance products and services. Dallas National Insurance Company focuses upon the property and casualty insurance needs of:

• residential and commercial construction companies
• home builders
• janitorial and cleaning companies
• landscape businesses
• artisan construction firms

In addition to property and casualty insurance underwriting, Dallas National Insurance Company writes general liability policies for its clients. This coverage protects a client when negligence, carelessness, or omissions result in property damage or injuries occurring on the insured’s property. General liability coverage also protects against injuries resulting from the insured’s distributed or manufactured products.

Dallas National Auto Insurance financial information

In June 2011, insurance rating firm A.M. Best downgraded the company to a B (fair) rating. The company’s relatively small size (Category VII) of $50 to $100 million reflects upon the company’s ability to compete within its marketplace. Larger companies with greater resources may increase marketing or lower premium costs to retain auto insurance clients. According to A.M. Best’s assessment of the company, Dallas National’s long-term financial prospects are negative.

According to a press release issued by the company, costs of developing a high-deductible workers compensation programs and increasing payrolls affected the company’s current profits.

Dallas National Auto Insurance and Companion Property & Casualty Group Joint Venture

To meet the needs of customers requiring an “A” rated credit, Dallas National Insurance Company offers the productsand services of South Carolina-headquartered Companion Property & Casualty Group. Company writes commercial insurance in 47 U.S. states. Companion Property & Casualty offers auto, homeowners, workers’ comp, liability, and other property insurance coverage. In addition, Companion Third Party Administrators unit provides employee assistance (EAP), actuarial services, and claims operations services and management to clients. The company has previously expanded its business through acquisition, purchasing AmFed Holding is      2008. Companion Property & Casualty Group is ultimately owned by Blue Cross & Blue Shield of South Carolina.

Dallas National Auto Insurance Review Conclusion

Commercial customers with existing Dallas National Insurance property and casualty insurance coverage may benefit from combining commercial auto insurance to the policy. For those clients in need of a stronger A.M. Best credit rating, compare commercial auto insurance coverage offered by the company’s Companion Property & Casualty joint venture. Compare auto insurance quotes by submitting your home zip code today!