Old Republic International Corporation provides insurance underwriting and related services. Segments The company conducts its operations principally through various regulated insurance company subsidiaries organized into three major segments, including its General Insurance Group (property and liability insurance), Title Insurance Group, and the Republic Financial Indemnity Group (RFIG) (mortgage guaranty (MI) and consumer credit indemnity (CCI)) Run-off Business. General Insurance Group This segment engages in the commercial lines insurance business with a major focus on liability insurance coverages. Most of these coverages are provided to businesses, government, and other institutions. In continuance of its commercial lines orientation, the company also focuses on specific sectors of the North American economy, primarily the transportation (trucking and general aviation), commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services industries. This segment has become diversified with a business base, including the following major coverages: Automobile Extended Warranty Insurance: Coverage is provided to the vehicle owner for certain mechanical or electrical repair or replacement costs after the manufacturer's warranty has expired. Aviation: Insurance policies protect the value of aircraft hulls and afford liability coverage for acts that result in injury, loss of life, and property damage to passengers and others on the ground or in the air. Commercial Automobile Insurance: Covers vehicles (mostly trucks) used principally in commercial pursuits. Policies cover damage to insured vehicles and liabilities incurred by an assured for bodily injury and property damage sustained by third parties. Commercial Multi-Peril: Policies afford liability coverage for claims arising from the acts of owners or employees, and protection for the physical assets of businesses. Financial Indemnity: Multiple types of specialty coverages, including primarily the following four, are underwritten by the company within this financial indemnity products classification: Errors and Omissions(E&O)/Directors and Officers (D&O): E&O liability policies are written for non-medical professional service providers, such as lawyers, architects, and consultants; and provide coverage for legal expenses, and indemnity settlements for claims alleging breaches of professional standards. D&O coverage provides for the payment of legal expenses, and indemnity settlements for claims made against the directors and officers of corporations from various sources, most typically shareholders. Fidelity: Bonds cover the exposures of financial institutions and commercial and other enterprises for losses of monies or debt and equity securities due to acts of employee dishonesty. Guaranteed Asset Protection: This insurance indemnifies an automobile loan borrower for the dollar value difference between an insurance company's liability for the total loss (remaining cash value) of an insured vehicle and the amount still owed on an automobile loan. Surety: Bonds are insurance company guarantees of performance by a corporate principal or individual, such as for the completion of a building or road project, or payment on various types of contracts. General Liability: Protects against liability of an assured, which stems from carelessness, negligence, or failure to act, and results in property damage or personal injury to others. Home Warranty Insurance: This product provides repair and/or replacement coverage for home systems (plumbing, heating, and electrical) and designated appliances. Inland Marine: Coverage pertains to the insurance of property in transit over land and of property, which is mobile by nature. Travel Accident: Coverages provided under these policies, some of which are also underwritten by the company's Canadian life insurance affiliate, cover monetary losses arising from trip delay and cancellation for individual insureds. Workers' Compensation: This coverage is purchased by employers to provide insurance for employees' l
old republic intl corp (ORI:New York)
307 North Michigan Avenue
Chicago, IL 60601
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