Finding the right insurance company to protect your home or business is an important decision You want to partner with a provider that is financially secure and has a long, stable history One company that fits this description is Redwood Fire and Casualty Insurance Company.
Redwood Fire and Casualty is part of the Berkshire Hathaway Homestate Companies (BHHC) family of insurers. It has been providing coverage since the 1970s. But many are still unfamiliar with this regional insurance carrier.
In this comprehensive guide we will explore Redwood Fire and Casualty’s origins leadership, financial ratings, coverages offered, and more. Read on to learn everything you need to know about this established property and casualty insurer.
A Brief History of Redwood Fire and Casualty
Redwood Fire and Casualty Insurance Company has been operating for over 50 years although its name and ownership have changed during that time
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1970 – The company was originally incorporated as Kerkling Reinsurance Corporation. It focused mainly on reinsurance rather than direct policies.
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1976 – Berkshire Hathaway acquired the company under its former leadership.
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1977 – The name changed to Central Fire & Casualty Company to focus more on property and casualty policies.
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1980 – It adopted the current Redwood Fire and Casualty Insurance Company name that remains today.
Throughout its history, Redwood has expanded from its initial Midwest regional presence to now offer nationwide coverage. It maintains strong financial ratings and a reputation for quality service.
Redwood Fire and Casualty Leadership and Structure
Redwood Fire and Casualty is structured as an individually operated subsidiary within the BHHC enterprise:
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Headquarters: Omaha, Nebraska
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Leadership: Headed by President and CEO Dan Ruhlman along with a specialized management team
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Employees: 180+ insurance professionals and support staff
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Ownership: Wholly owned by National Indemnity Company, a subsidiary of Berkshire Hathaway
While policy offerings and operations are managed locally, Redwood Fire and Casualty has the expansive resources and capabilities of BHHC and Berkshire Hathaway backing it. This provides enhanced financial strength and service capabilities.
Insurance Products Offered by Redwood
Redwood Fire and Casualty writes a wide range of commercial and personal insurance policies including:
- Homeowners insurance
- Condominium insurance
- Renters insurance
- Personal umbrella insurance
- Business owners policies (BOP)
- Workers compensation
- Commercial auto insurance
- Inland marine insurance
- Professional liability insurance
They focus heavily on small-to-midsized businesses across industries like real estate, healthcare, retail, and more. Redwood also offers specialized programs for religious institutions, social services, and other niche sectors.
The Financial Strength Behind Redwood
As part of the Berkshire Hathaway enterprise, Redwood Fire and Casualty maintains exceptional financial strength and claims-paying ability:
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A++ (Superior) rating from AM Best, the highest available
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Over $700 billion in assets through parent Berkshire Hathaway
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47 consecutive years of increasing book value
Policyholders can rest assured knowing Redwood Fire and Casualty has unmatched financial backing and a long history of delivering on promises. Even in worst-case events like large-scale disasters, the company has the reserves and reinsurance to provide complete support.
Why Consider Insuring With Redwood?
There are many key benefits Redwood Fire and Casualty provides for both personal and commercial policyholders:
Local expertise – They utilize underwriters and agents with deep knowledge of your state’s risks to provide tailored protection.
Superior financial strength – Berkshire Hathaway’s unmatched capital reserves ensure you’re covered in the event of any claim.
Highly rated customer service – Policyholders consistently rate interactions with Redwood’s representatives as friendly, fast, and helpful.
Loss control services – Redwood provides proactive guidance to help minimize risks before issues occur.
Multiline discounts – Bundling multiple policies, like home and auto, can net significant premium savings.
Flexible payment options – Redwood offers installment billing, electronic funds transfer, and other payment choices.
Easy claims process – File and track claims digitally or over the phone for efficient processing.
For both homeowners and businesses, Redwood Fire and Casualty presents an appealing insurance option combining financial security, personalized service, and comprehensive coverage.
Is Redwood Fire and Casualty the Right Insurer for You?
As an established regional company with national reach and the strength of Berkshire Hathaway behind it, Redwood Fire and Casualty makes a compelling choice for many insurance buyers.
Reach out to a local Redwood agent today to get a fast quote and friendly advice on the right coverages for your property or business. Be sure to ask about available discounts to maximize savings.
Or give their customer service team a call anytime you have questions about policies or options. Let the experts at Redwood Fire and Casualty find the ideal insurance solution to protect what matters most to you.
Have you had any experience with Redwood Fire and Casualty Insurance? Feel free to share your thoughts or insights in the comments below!
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FAQ
What is the phone number for Redwood Fire and Casualty?
What is the largest P&C insurance company in the US?
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What is the rating rationale for Redwood fire & CAS Ins Co?
The Rating Rationale is based on the consolidated financials of the Rating Unit 018343 Berkshire Hathaway Homestate of which 004329 Redwood Fire & Cas Ins Co is a member. Well-capitalized balance sheet with the strongest level of assessment of risk-adjusted capitalization at the VaR as measured by Best’s Capital Adequacy Ratio (BCAR).
Who is Redwood Fire & Casualty Insurance Company?
The company began writing business in 1993 and, in the same year, merged with Kansas Fire & Casualty Insurance Company. The combined companies continued on under the Oak River Insurance Company name. Redwood Fire and Casualty Insurance Company is an Omaha, Nebraska domiciled company.
Is Redwood Fire & Casualty a Berkshire Hathaway Company?
It is part of the Berkshire Hathaway Homestate Companies, a group of regional insurers operating under the Berkshire Hathaway brand. As an AM Best “A++” rated carrier, Redwood Fire and Casualty provides the financial strength and security expected from a Berkshire Hathaway company.
Where is Redwood Fire & Casualty based?
With headquarters in Omaha, Nebraska, Redwood Fire and Casualty provides insurance products through a network of offices and agents in the following states: The company can write policies on an admitted basis throughout these states. It also has surplus lines capabilities for writing specialty policies countrywide, subject to state regulations.