CPA-focused liability insurance company Camico has launched a special interactive "microsite" to mark the company’s 25th anniversary.
The microsite,
Camico has been issuing a daily risk management tip for each of the 25 days counting down to June 24, 2011, the 25th anniversary of the date Camico received its certificate of authority from the California Department of Insurance.
Founded in 1986 in the midst of an insurance availability and affordability crisis, Camico was formed by a group of leaders of the California Society of CPAs after the organization was summarily informed in the fall of 1985 by its insurance carrier that professional liability coverage for the state’s accountants would be canceled. The cancelation threatened to strip more than 1,700 accounting firms’ CPAs of their protection against lawsuits in an increasingly litigious environment.
But the crisis also created the galvanizing event and critical mass of prospective policyholders required for the formation of a new insurance company. CPAs contributed $5 million that year to found a company they would own and direct as a stable source of insurance on a long-term basis.
Twenty-five years later, Camico serves more than 7,700 CPA firms and 56,000 individual practitioners in 45 states and the District of Columbia.
“From our beginnings as a startup company insuring CPA firms when major carriers wouldn’t, we have grown into a nationally recognized source of risk management expertise focused on solutions for CPAs,” said Camico CEO Ric Rosario, CPA, CFE. “By advising policyholders to higher standards of professionalism and risk awareness, CAMICO has contributed not only to our policyholders’ growth, but also to the growth of our policyholders’ clients.”
The company’s full story—“In Partnership with CPAs: The Story of Camico”—can be viewed on the microsite at
A compilation of 25 risk management tips—“25 Tips from 25 Years”—will be available by emailing a request to
