Since its founding, Central States Indemnity Co. of Omaha (CSI) and CSI Life Insurance Company have insured millions of individuals with our specialty life, disability and unemployment products as well as traditional products such as Medicare Supplement insurance (Medigap), and life insurance.
We take pride in serving our insured customers. When we issue an insurance policy, we are making a promise that we will be there for you when you need us. That means that we must have an organizational structure with the capability to respond promptly to your needs.
It also means that we must maintain the financial strength to pay our claims, no matter what happens. Our financial ability to pay our future claims is measured by A.M. Best and other rating organizations. CSI’s A.M. Best rating is “A+” (Superior) as of 9/26/2019. Our subsidiary, CSI Life Insurance Company’s A.M Best rating is “A+” (Superior) as of 9/26/2019. Beyond that, we are fortunate to be a member of the Berkshire Hathaway Insurance Group and follow its practice of maintaining extraordinary financial strength.
CSI's roots reach back to our founding parent, Central States Health & Life Co. of Omaha (CSO). CSO was founded in 1932 and established CSI in 1977, primarily to offer involuntary unemployment insurance and other casualty insurance products. In 1992, CSI was acquired by Berkshire Hathaway Inc.
We are a Property and Casualty/Accident and Health insurer domiciled in Nebraska and licensed in all 50 states, the District of Columbia, Guam and Puerto Rico. Our subsidiary, CSI Life Insurance Company is a life insurer and licensed in all states except New Hampshire and New York.
We are located in Omaha, Nebraska, and we are committed to the Midwestern work ethic. We don’t take our commitments lightly. We strive to always keep our commitments by “doing what we say we’ll do.”
CSI’s mission at its founding—and further amplified in today’s insurance market—is “to simplify and insure the financial obligations of our clients.”
CSI has been a Berkshire Hathaway Inc., company for more than two decades. Berkshire is located in Omaha, Nebraska, and is headed by Chairman Warren Buffett. Buffett is known worldwide as one of the greatest investors of our times and as the leader of one of the world’s most admired companies.
Berkshire is one of the largest companies in the United States. It ranks among the top ten of both the Fortune 500 list of U.S. companies and the Forbes 2000 list of global public companies. It is also in the top ten in Fortune magazine’s ranking of the World’s Most Admired Companies.
Financial strength is particularly important in the insurance industry. Berkshire’s insurance companies all follow the corporate practice of maintaining extraordinary capital strength. The total statutory surplus of Berkshire’s insurance businesses was over $170 billion as of December 31, 2017.
Berkshire Hathaway Inc. is rated ‘AA’ by Standard & Poor’s and its core operating insurance companies are rated ‘AA+’. A.M. Best also provides individual financial strength ratings for many of Berkshire’s core operating insurance companies. Central States Indemnity Co. of Omaha's Best rating is ‘A+’ (Superior) as of 9/26/2019 and its subsidiary, CSI Life Insurance Company, is rated ‘A+’ (Superior) as of 9/26/2019.
Each spring, Omaha hosts a large contingent of Berkshire’s shareholders from all over the world (over 30,000) and financial media for the annual shareholder meeting. Buffett’s annual letter to shareholders, Berkshire’s annual reports, and the legendary question and answer session featuring Buffett and Vice Chairman Charlie Munger are models of corporate candor. You will find information about this event, the shareholder letter, annual reports, and other corporate documents on Berkshire’s “no nonsense” web site.
CSI has extensive partnership experience. To inquire about a joint venture, please click here.
CSI Chairman Emeritus, William McBain Kizer, saw the benefits of promoting personal health and wellness, not only in his growing company, but also for the community and the nation.
Kizer led the charge for workplace health by creating a healthy company and urging his fellow business leaders to do the same. His founding of the first Wellness Council in Omaha in 1982 led to the formation of Wellness Council of America – WELCOA. A national business and health promotion, nonprofit organization, WELCOA is one of the most respected resources for workplace wellness with membership in excess of 3,200 member companies.
Kizer’s vision for a healthier America is summed up with his own words, “Keeping people healthy in the first place will go a long way toward addressing the skyrocketing health care costs facing this nation.” Wellness was considered with skepticism 30 years ago but has now become a way of life in American culture and business, thanks in great part to Kizer’s efforts.
Personal responsibility for wellness is Kizer’s greatest legacy. Under his leadership, the company has come to exemplify the power of promoting healthy lifestyle practices among its employees and provided the impetus for Omaha to become one of America’s healthiest cities.