| About Us
PADIC is comprised of 12 members and 1 associate member company and two affiliate independent agency Trade Associations (Alliance of American Insurers and IBA West). Members are small to mid-sized California domestic insurers, whose products are sold by agents and brokers. Members do not write workers compensation coverage.
Our members write close to $1 billion in premiums
- $140 Million in Personal Auto
- $382 Million in Homeowners and related lines
- $73 Million in Comm'l Auto
- $91 Million in Comm'l Multi-Peril
- $44 Million Other Lines
- No Workers Comp Premium
TOTAL: $730 million
Members pay approximately $17 M in premium taxes and $42 M in salaries and benefits to California residents.
Members employ 839 employees, most in CA with remainder in surrounding Pacific states.
Companies vary in age from over 100 years to just 16 years old, the average age is 56 years. Collectively, they have almost 500 years of operating experience in CA
Members own $43 M in CA municipal bonds
Members have purchased $550,000 in COIN bonds
In addition, members give over $100K to local charitable, educational and civic programs in their communities. They participate in 42 other employee community programs and over 100 of their employees participate in semi-annual blood drives.
California has lost many of its domestic insurers in the last couple of decades. PADIC was formed to preserve those remaining, recognize and restore the community and economic contributions made to California by domestic insurers, and to encourage competition, education and consumer benefit.
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