National Indemnity Company, Omaha, Omaha(NE)-Phone number, Address, Claims, Careers, Revenue, CEO, Rating

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National Indemnity Company, Omaha(NE)-Phone number, Address, Claims, Careers, Revenue, CEO, Rating (Source: NICO)

If you are looking for a reliable and reputable insurance company that can offer you a wide range of commercial insurance products, you might want to consider the National Indemnity Company (NICO).

NICO is one of the leading property/casualty members of the Berkshire Hathaway group of insurance companies, boasting the highest possible financial strength rating by A.M. Best an A++ rating.

In this article, I will tell you everything you need to know about NICO and why it is a solid choice for your insurance needs.

National Indemnity Company Phone Number

If you want to get in touch with NICO, you can call their toll-free number at 1-800-356-5750.

You can also visit their website at [www.nationalindemnity.com] to find an agent near you, get a quote, report a claim, or access your policy information.

NICO has a dedicated customer service team that is ready to assist you with any questions or concerns you may have.

National Indemnity Company Address

NICO is headquartered in Omaha, Nebraska, where it was founded in 1940 by two entrepreneurial brothers, Arthur and Jack Ringwalt.

The company’s address is:

National Indemnity Company
1314 Douglas Street
Suite 1400
Omaha, NE 6810

NICO also has regional offices in Atlanta, Dallas, Kansas City, and Salt Lake City.

National Indemnity Insurance

NICO offers one of the widest selections of commercial insurance products in the industry.

Whether you need commercial auto, fleet, motor truck cargo, general liability, or garage insurance, NICO has you covered.

NICO specializes in unique and hard-to-place risks that other insurers may reject or charge high premiums for.

NICO has the expertise and experience to handle any type of commercial insurance challenge.

National Indemnity Company Claims

NICO is committed to providing prompt and fair claims service to its customers.

If you need to report a claim, you can do so online at [www.nationalindemnity.com/claims] or by calling 1-800-356-5750.

You will need to provide your policy number, date and time of loss, location of loss, description of loss, and contact information.

NICO will assign a claims representative to handle your claim and keep you updated on the status.

National Indemnity Company Careers

If you are interested in joining the NICO team, you can check out their career opportunities at [www.nationalindemnity.com/careers].

NICO offers competitive compensation and benefits packages, as well as a supportive and collaborative work environment.

NICO is looking for talented and motivated individuals who share their values of strength, stability, and integrity.

National Indemnity Co. has various positions available in underwriting, claims, accounting, IT, legal, and more.

National Indemnity Company NAIC

The National Association of Insurance Commissioners (NAIC) is an organization that sets standards and best practices for the insurance industry in the United States.

The NAIC assigns a unique identification number to each insurance company that operates in the country.

The NAIC number for NICO is 20087.

You can use this number to verify NICO’s license status, financial information, complaint history, and other regulatory data.

National Indemnity Company Revenue

As a subsidiary of Berkshire Hathaway Inc., NICO does not disclose its revenue separately from its parent company.

However, according to Berkshire Hathaway’s latest annual report, the total revenue for its property/casualty insurance operations was $59.8 billion.

This includes the revenue from NICO and its affiliates:

Who Owns the National Indemnity Company?

National Indemnity Company is owned by Berkshire Hathaway Inc., one of the largest and most successful conglomerates in the world.

Berkshire Hathaway is led by the legendary investor and philanthropist Warren Buffett, who is also known as the “Oracle of Omaha”.

Berkshire Hathaway acquired NICO in 1967 for $8.6 million.

Since then, NICO has been a key contributor to Berkshire Hathaway’s growth and profitability.

Buffett once said that “had we not made this acquisition [National Indemnity Company], Berkshire would be lucky to be worth half of what it is today”.

Who is the CEO of the National Indemnity Company?

The CEO of National Indemnity Company is Ajit Jain, who is also the Vice Chairman of Insurance Operations for Berkshire Hathaway.

Jain joined NICO in 1986 and has been instrumental in expanding its business and reputation.

Jain is widely regarded as one of the most brilliant and respected executives in the insurance industry.

He is also a potential successor to Buffett as the next leader of Berkshire Hathaway.

What is the National Indemnity Company AM Best Rating?

The AM Best rating is a measure of an insurance company’s financial strength and ability to meet its obligations to policyholders.

The rating scale ranges from A++ (Superior) to D (Poor).

The AM Best rating for NICO is A++, which is the highest possible rating.

This means that NICO has a superior ability to pay claims and has a very strong balance sheet. NICO has maintained this rating since 1996.

National Indemnity Company Berkshire Hathaway

National Indemnity Company is part of the Berkshire Hathaway group of insurance companies, which is one of the largest and most diversified insurance groups in the world.

The Berkshire Hathaway group of insurance companies includes GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Specialty Insurance, and more.

The group benefits from the financial strength, stability, and reputation of Berkshire Hathaway, as well as the leadership and vision of Warren Buffett.

Conclusion

National Indemnity Company is a premier insurance company that offers a wide range of commercial insurance products with strength, stability, and integrity.

NICO is part of the Berkshire Hathaway group of insurance companies, which is led by the legendary Warren Buffett.

NICO has a long history of excellence and innovation in the insurance industry, as well as a high financial strength rating by A.M. Best.

If you are looking for a reliable and reputable insurance partner for your business, you should consider NICO.

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