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Home > Property Insurance Coverage > Home Owners Insurance > Commonwealth Insurance Company
Commonwealth Insurance Company
Commonwealth Insurance Company was incorporated by an act of the Canadian Parliament on 1947 and has operated as a federally registered insurer since 1950. The company is eligible to write business on an excess and surplus lines basis in 44 U.S. states plus the District of Columbia.
Commonwealth Insurance Company of America was incorporated on 1994 and was granted a certificate of authority to transact insurance on 1995. The company is domiciled in Washington, and is licensed in 44 other states to carry on the business of insurance other than life insurance. The company’s operations and financial affairs are managed by Commonwealth Insurance Company.
The Company was established in 1982, the US Property Division underwrites its business from two offices Vancouver, B.C. and Seattle WA. They use a regional approach, covering the nation from these two cities. Their experienced underwriters provide consistent, flexible solutions to their brokers' needs. More than half of their underwriters have been with Commonwealth for over ten years.
Commonwealth writes a full range of medium to large size property accounts. They can use their capacity in primary, gap or excess positions. They prefer a loss limit approach. Their total in house capacity is 45,000,000 dollars with 5,000,000 dollars available for catastrophe driven lines such as coastal wind and CA earthquake exposures.
Commonwealth Insurance Company prides them on being a stable, consistent market offering superior client service. They are committed to developing long term relationships with both their Brokers and their Insured. While always willing to adapt to a changing business environment, their overall underwriting philosophy has not changed over the years, proving to be a secure, reliable market.
Commonwealth Insurance Company is an eligible surplus lines Insurer in most states now. Their initiative to obtain admitted status for Commonwealth Insurance Company of America CICA is continuing. Their goal is to have admitted status for CICA in as many states as possible within two years.
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