RLI Corp

-5.07%

and its history
RLI Corp is a specialty insurance company based in Peoria, Illinois. It was founded in 1965 as Replacement Lens, Inc., providing replacement lenses for eyeglasses. In 1979, the company changed its name to RLI Corp and shifted its focus to underwriting property and casualty insurance.
Over the years, RLI Corp has expanded its offerings to include various lines of specialty insurance, such as commercial and personal umbrella, professional liability, and surety bonds. Today, RLI Corp has operations in all 50 states and maintains an A+ (Superior) rating from A.M. Best, a leading insurance rating agency.
RLI Corp has a rich history of innovation and growth. In 1986, the company became one of the first insurers to offer cyber liability insurance. It also launched a personal umbrella policy in 1992, which quickly became a popular product for the company.
In 2006, RLI Corp formed a new subsidiary, RLI Insurance Company, which focuses on offering traditional insurance products to small and mid-sized businesses. This move allowed the company to diversify its portfolio and better serve a wider range of customers.
Today, RLI Corp has over 900 employees and is listed on the New York Stock Exchange (NYSE) under the ticker symbol RLI. The company continues to focus on providing innovative insurance solutions and exceptional customer service to its clients.

There are a few things that make RLI Corp unique and special:
1. Focus on specialty insurance: RLI Corp specializes in underwriting niche and hard-to-place insurance risks, such as high-risk commercial property, surety bonds, and transportation. This allows them to have a deep understanding of these markets and better serve their customers.
2. Strong financial stability: RLI Corp has a long history of strong financial performance and stability, with consistent profitability and a solid balance sheet. This allows the company to weather market fluctuations and provide reliable coverage to their customers.
3. Customer-centric approach: The company prides itself on its customer-centric approach, putting the needs and satisfaction of its policyholders and agents at the forefront of everything they do. This has helped them build a loyal customer base and strong relationships with their network of independent agents.
4. Innovative technology: RLI Corp is known for its use of innovative technology to enhance underwriting processes, improve customer experiences, and streamline operations. This helps them stay ahead of the curve in a rapidly changing industry.
5. Corporate social responsibility: RLI Corp is committed to being a responsible corporate citizen, with a focus on ethical business practices, environmental sustainability, and giving back to the community. They have been recognized for their efforts with various awards and accolades.