CAPITAL INSURANCE GROUP RECOGNIZED IN 2025 AMERICAN BUSINESS AWARDS®
MONTEREY, Calif., May 21, 2025 /PRNewswire/ -- Capital Insurance Group® (CIG®), a leading regional property and casualty insurer in the Western U.S., is proud to announce multiple teams within the company have been selected as honorees in separate categories for the 23rd Annual American Business Awards ®.
Capital Insurance Group was awarded a Gold Stevie® Award in the Company of the Year - Insurance – Large category. Additionally, two teams were recognized as Teams of the Year with the Development Team taking home a Gold Stevie® Award for Technology Team of the Year, and the Communications Team receiving a Silver Stevie® Award. Judges had high praise for CIG, remarking on their resilience, ability to expand products, continued attainment of financial metrics, and noted the company successfully attracted and retained customers amid tough regulatory challenges. CIG was recognized for its customer-focused approach which yields high retention and glowing customer testimonials.
CIG's IT Development team was recognized for their innovation, resilience, and impact on the company through major system upgrades, cloud migrations, and enhanced quoting tools. The result of their cross-functional collaboration and efforts was improved agent transparency, operational efficiency, and improved customer experience.
Judges celebrated CIG's Communications team for their strategic approach, measurable results, and impressive nature of accomplishments, especially given their size. Also noteworthy was the team's ability to overcome challenges, demonstrating agility, creativity, and operational excellence with demonstrable strategic impact.
At Capital Insurance Group, a strong commitment to open and transparent communication shapes the company's culture and drives success. Guided by CIG's core values that serve as the foundation of its operations, the CIG team works collaboratively to deliver results and do what's right. The company embraces a thoughtful, measured approach to decision-making, reflected in the guiding principle "measure twice; cut once," a reminder shared across CIG to prioritize integrity and excellence in everything they do.
CIG President & CEO, Andy Doll reflected on the awards: "Everyone at CIG has been working hard for a long time, and those efforts have been reflected in our results. These awards illustrate how this hard work is being recognized by those independent from the company. This adds greater credibility and value of every CIG employee's effort."
The Stevie® Awards, established in 2002, honor organizations and professionals globally for their achievements. The American Business Awards® accept nominations from all U.S. organizations across various categories. This year, over 3,600 nominations were submitted by organizations of all sizes, judged by more than 250 professionals worldwide to determine the winners. More details and the 2025 Stevie winners list can be found at www.StevieAwards.com/ABA.
About Capital Insurance Group
Established in 1898, Capital Insurance Group® (CIG®) is a leading regional property and casualty insurer in the Western U.S. CIG offers trusted Agriculture, Commercial, and Personal coverage across Arizona, California, Nevada, Oregon, and Washington.
Known for superior customer service and customizable coverage, CIG delivers insurance solutions tailored to meet the needs of policyholders, sold exclusively through independent agents. CIG's suite of insurance offerings include coverage for Homeowners, Renters, Personal Auto, Dwelling Fire, Businessowners, Commercial Auto, Farm Owners, Commercial Agriculture, Farm Auto, Commercial Real Estate, and more. Throughout its footprint, CIG partners with regional and local charitable organizations and events to give back to communities in ways that promote preparedness, enhance resilience, and bring relief to communities in crisis.
CIG is underwritten by its affiliate companies: California Capital Insurance Company, Eagle West Insurance Company, Nevada Capital Insurance Company, and Monterey Insurance Company. CIG is rated "A" (Excellent) by AM Best, the independent financial monitor of the insurance industry and is proud to be part of the Auto-Owners Insurance group of companies, one of the nation's largest, most-trusted insurers. For more information, please visit CIGInsurance.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-insurance-group-recognized-in-2025-american-business-awards-302462187.html
SOURCE Capital Insurance Group
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
China proposes global cooperation body on AI
SHANGHAI, July 27, 2025 /PRNewswire/ -- A news report from The Chinese government has proposed the establishment of a world AI cooperation organization as part of its efforts to bolster open, inclusive and equitable artificial intelligence development and governance globally. Premier Li Qiang announced the initiative when addressing the opening ceremony of the 2025 World AI Conference and High-Level Meeting on Global AI Governance in Shanghai. Li emphasized the need for collaborative approaches to global AI governance to ensure that intelligent technologies are developed for the good of all. More than 1,000 high-level representatives from upwards of 40 countries and international organizations attended the opening ceremony of the three-day event, themed "Global Solidarity in the AI Era". Li said that the risks and challenges brought by AI development, such as machine hallucinations, deep fakes and AI proliferation, have aroused widespread attention. There is an urgent need to further consolidate a societal consensus on how to achieve a balance between development and security in the AI sector, he said. Li said greater emphasis should be placed on collective governance to ensure that AI ultimately benefits humanity. Given that global AI governance appears fragmented, it is essential to enhance coordination and alignment among countries around the world to establish a framework and rules for global AI governance with a broad consensus, he added. Noting that China places great importance on global AI governance and actively participates in promoting multilateral and bilateral cooperation in this regard, the premier said the nation is willing to offer more Chinese solutions to the international community and contribute more Chinese wisdom to global AI governance. In 2023, China proposed the Global AI Governance Initiative to promote an open, inclusive and fair approach to the development and governance of AI technologies. Last year, China proposed the AI Capacity-Building Action Plan for Good and for All to bridge the AI and digital divides, and to ensure the Global South benefits equitably from AI development. China actively promotes open source development, and is willing to collaborate with countries around the world to promote progress in software and hardware technologies, intensify open source initiatives, and collectively propel AI development to higher levels, Li said. Also on July 26, the conference adopted the Global AI Governance Action Plan, which calls on all parties to work in solidarity to advance AI development and governance. For more information: View original content to download multimedia: SOURCE Sign in to access your portfolio
Forbes
6 hours ago
- Forbes
This Gold Fund Is Red Hot But The Smart Money Is Already Selling
Gold ingots Today we're going to talk about a unique gold fund that's soared 69.4% so far this year—but despite that huge run, it's still not a buy. That said, there is a route to a buy here that I think will surprise you. So what's the name of this high-flyer? ASA Gold and Precious Metals Ltd. (ASA). It doesn't exactly roll off the tongue, and the fund itself isn't very well-known. The details: ASA has a bit more than $600 million in assets under management, making it small compared to most ETFs, CEFs' more popular cousins. As you can likely tell from the name, ASA focuses on gold and other precious metals. Gold itself makes up 72.5% of the portfolio, a collection of mining stocks chip in another 24.8%, and silver comprises a smaller 2% slice. Here's the first number that will likely stop you in your tracks: ASA's dividend yield is 0.2%. That, admittedly, doesn't get us too excited, especially with all CEFs yielding 8.5% on average, according to data tracked by my CEF Insider service. I would agree that this is a good reason to avoid ASA—but there's more to the story here. How This Gold Fund Stacks Up In 2025 Let's move on to value: As I write this, ASA has an 11% discount to net asset value (NAV). That's another way of saying that it trades for less than what its portfolio is worth. The fact that the average CEF has just a 4% discount really drives the point home here. However, if we look at ASA's history, we see something interesting. ASA Discount to NAV ASA has had roughly an 11% discount to NAV for nearly 25 years, with its market price being much lower in the early 1990s and much higher in the late '90s, due to that decade's unusual market dynamics. (In the early 1990s, gold lost favor, causing the fund to lose market demand. Then in the late-'90s, the stock-market bubble drove everything higher, including ASA.) So, is ASA undervalued? Sure. But it always is. So if you buy ASA today for a 'bargain,' you should probably expect to sell it for a bargain in the future, too. Okay, so the discount isn't a good reason to buy ASA. Is its performance? Well, let's look at that. ASA Total Returns ASA is up 69.4% in 2025, and the reason is obvious: The fund is focused on gold, and since gold has soared in 2025, so too has ASA. That's also why its dividends are so paltry: Gold doesn't yield anything, so most of ASA's portfolio yields nothing, as well. Since CEF investors look for yields, we should expect ASA's discount to stick around for a long time. But that hardly matters if you're earning 69.4% profits in a bit over half a year, right? True. But one problem with ASA is that it tends to fall hard after a run-up. Let's See How This Gold Fund Performed During Gold's Last Run Up Early 2016 was a great time for gold—even better than early 2025, in fact. ASA soared 119% in the first seven months of that year, when gold investments were soaring. However, after such a big gain, ASA (in purple below) was in the red for the following three years! GLD Outperforms Here we see the real risks of buying ASA: If you get to the fund too late, you could find yourself in the red for years afterward, even when gold itself—represented by the SPDR Gold Shares ETF (GLD) in orange above—is doing much better. So if gold has just had a run-up, expect ASA to be set to take a run down. That's not the only mark against ASA. Clearly, in the short term, the fund can outrun gold itself, thanks to its higher-risk portfolio. But that also means the fund's long-term performance is going to be much worse. History has borne that out: Take a look at this chart of ASA's NAV return (a better measure of management's skill than market price), verses GLD: GLD Long Term The strategy with ASA, then, is to always bear in mind that the fund can deliver profits to short-term traders—but it'll weigh down investors who buy for the long haul. So, with that in mind, here's the best way to invest in this one—if you choose to at all: Where are we in this cycle? This chart makes that clear. GLD Plateaus Gold has been plateauing since around March, but ASA keeps soaring. That makes it a sell at this point in the cycle. But if you're looking to invest in gold down the road, you're best to wait for the metal to sell off. That's when ASA could shine again—at least for a short time. Michael Foster is the Lead Research Analyst for Contrarian Outlook. For more great income ideas, click here for our latest report 'Indestructible Income: 5 Bargain Funds with Steady 10% Dividends.' Disclosure: none
Yahoo
14 hours ago
- Yahoo
Gold drops as dollar firms, trade deal hopes sap safe-haven demand
By Sherin Elizabeth Varghese (Reuters) - Gold prices slipped on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations that dented safe-haven demand. Spot gold fell 0.9% to $3,336.01 per ounce by 02:01 p.m. ET (1801 GMT). U.S. gold futures settled 1.1% lower at $3,335.6. The U.S. dollar index rebounded from a more-than-two-week low, making bullion more expensive for overseas buyers.[USD/] "The Japan deal was significant, and there's hope for a U.S.-EU agreement before the August 1 deadline. That's sapping safe-haven demand as elevated risk appetite drives capital toward risk assets," said Peter Grant, vice president and senior metals strategist at Zaner Metals. [MKTS/GLOB] Following this week's U.S.-Japan trade deal, the European Commission said a trade deal with the U.S. is within reach, even as EU members approved counter-tariffs on U.S. goods in case talks fail. On the data front, U.S. jobless claims fell to a three-month low, signaling a stable labor market despite sluggish hiring. Stable labor market data is expected to give the Federal Reserve cover to hold rates steady at 4.25%-4.50% at its meeting next week, even as inflation shows signs of picking up due to U.S. President Donald Trump's import tariffs. Trump's surprise visit to the central bank marked a fresh attempt to pressure Chair Jerome Powell, with the President again urging a deep rate cut. Gold may attract some "buying interest probably at $3,300 level, but perhaps not breaking out to new all-time highs until after the Fed decision," Grant said, adding that the meeting could signal rate cuts later this year. Gold typically performs well during periods of uncertainty and in low-interest-rate environments. Spot silver fell 2.3% to $38.2 per ounce, but was still on track for a weekly gain. Platinum was 0.9% lower at $1,395.31, while palladium dropped 0.7% to $1,219.07 and both the metals were down for the week. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
