Petroleum Casualty Car Insurance Review [2020]

Petroleum Casualty Insurance Company was bought out by Randall & Quilter Group Investment Holdings Ltd. Randall & Quilter boasts an A++ rating from A.M. Best.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 28, 2021

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Company Details
Address: 1735 Hughes Landing Blvd
City: The Woodlands
State: TX
ZIP Code: 77380
Phone Number: (713) 680-7158
Year Founded: 1925
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Petroleum Casualty Insurance is part of Ancon Insurance and Petroleum Casualty Group
  • Petroleum Casualty Group is actually a part of Exxon Mobil as well
  • It is unclear what types of insurance Petroleum Casualty offers

The subject of this car insurance review is Petroleum Casualty Insurance company based in Houston, Texas.

This company is part of a larger group known as Ancon Insurance and Petroleum Casualty Group.

Petroleum Casualty Insurance Company was bought out by Randall & Quilter Group Investment Holdings Ltd. 

Both companies appear to operate independently from Exxon Mobil in terms of their day-to-day operations, but the parent company appears to steer the overall financial direction.

It is unclear what types of insurance products this company provides.

If Petroleum Casualty car insurance were available, it would most likely be coverage required by most states, such as:

It’s also assumed that Petroleum Casualty insurance products are handled through a network of local agents and representatives.

How Petroleum Casualty relates to Ancon Insurance, or even if their products overlap, is unknown.

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What Petroleum Casualty Offers

In 2010, A.M. Best reaffirmed its ratings for Ancon Insurance and Petroleum Casualty Group at “A++” superior (financial strength rating) and “AA+” (issuer credit rating).

These ratings reflect the possible car insurance company’s exceptional risk management, consistently strong financial performance, and more than sufficient levels of capitalization.

A.M. Best also took into consideration the strength of Exxon Mobil when affirming these ratings.

However, Ancon Insurance and Petroleum Casualty Group informed A.M. Best that they no longer wished to participate in the interactive rating system, prompting the financial services rating company to officially withdraw its ratings.

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