RLI Corp - Company Profile
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Business Description
RLI Corp (RLI) is a specialty insurance company. It offers insurance coverage for excess liability, earthquake, transportation, marine, miscellaneous, professional liability, directors’ and officers’ liability, and personal umbrella. RLI operates through three principal insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. It operates in 50 US states, Puerto Rico, the District of Columbia, Guam and the Virgin Islands. As of December 31, 2023, the company reported combined ratio of 86.6%.
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Business Segments
Overview
Provides insurance products for general liability, personal umbrella, commercial excess and personal umbrella, commercial transportation and executive products. Also, provides package business and other specialty coverages, including workers’ compensation and professional liability insurance. Also provides coverage for fidelity, crime and medical and healthcare professional liability. Markets and distributes its products through wholesale brokers and retail agents in the US.
Performance
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Overview
Provides insurance coverage for earthquake, commercial fire, difference in conditions (DIC), which comprise wind, earthquake, flood and collapse coverages. Also, offers marine coverages such as hull, cargo, marine liability, protection and indemnity (P&I), and inland marine coverages including contractors’ equipment and builders’ risks. In addition, offer personal lines policies such as homeowners’ coverages. Markets and distributes products through retail agents in the US.
Performance
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Overview
Provides small to large-sized commercial and contract surety coverages. Also offers commercial surety bonds for the energy, petrochemical and refining industries. In addition, offer miscellaneous bonds such as notary, license and permit and court bonds. These products are offered through independent insurance agencies across the US.
Performance
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