About Us
Constitutional Casualty Company was incorporated on April 11, 1956 under Illinois laws and began business August 15, 1956. Copco, Inc., Chicago, Illinois, a holding company purchased financial control on October 31, 1972, from Institutional Corporation of America. Operations were conducted under the name Institutional Insurance Company of America from the time of organization until November 1, 1972, when the present corporate title was adopted.
Operations emphasize the handling of preferred private passenger automobile coverage, homeowners, personal umbrella, liquor liability, general liability and commercial automobile coverage.
Approximately 200 independent agents serve as company representatives.
Financial Stability Rating
Constitutional Casualty Company has undergone rigorous, quantitative analysis by a professional actuary. The Demotech Financial Stability Rating of Constitutional Casualty Company is A Exceptional.
Reinsurance Agreement
Our reinsurance is carried by Maiden RE.
Maiden Re was formed in 2008 through the acquisition of GMAC RE by Maiden Holdings, Ltd. This acquisition created a dynamic new force in the domestic reinsurance market with an operating history dating back to 1983; the year GMAC RE’s predecessor was formed.
Maiden Re is focused on building long-term relationships and providing clients with a consistent and stable approach to their business. Maiden Re is a service orientated reinsurer and has been rated highest amongst it peers for technical underwriting expertise and exemplary claims handling.
Maiden Re developed and offers its clients the innovative Dedicated Financial Trust, an individually-segregated trust account. Unlike other trusts, with The Dedicated Financial Trust, there is no comingling of cedant funds. This trust provides superior security during these extraordinarily uncertain times in the financial markets and affords our customers financial peace of mind.
Maiden Re has offices and representative located throughout the United States, with the primary office in Mt. Laurel, NJ.
