Whois & Analysis for rlicorp.com

RLI Corp.

is an American property and casualty insurance company headquartered in Peoria, Illinois, with more than 50 branch offices conducting business in all 50 states.

Founded in 1965 by Gerald D. Stephens, Replacement Lens, Inc. (RLI) was one of the first insurers of contact lenses, and eventually, the company emerged as one of the leading contact lens insurers in the United States.

Building upon its success in the contact lens market, RLI further expanded its business into other niche insurance markets.

Today, the company offers specialty property/casualty insurance coverage in both the specialty admitted and excess and surplus markets.

Insurance is a means of protection from financial loss.

It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.

The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

Posting bail for people accused of crimes in exchange for freedom is common in the United States, but uncommon in the rest of the world.

In financial accounting, an asset is an economic resource.

Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset.

Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

A company, abbreviated co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.

Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals.

Companies take various forms such as: