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Timeline
Protecting CPAs for 40 Years and Counting
CAMICO was established in 1986 in response to a hardening liability insurance market that left many CPAs at risk of going without insurance coverage in an increasingly litigious environment. As carriers left the market, CAMICO stepped forward to provide a reliable solution for CPAs. For 40 years CAMICO has stayed true to its mission to protect CPAs with industry‑leading Accountant’s Professional Liability Insurance and comprehensive risk management services.
1986
June 24, 1986
CAMICO is issued its Certificate of Authority to transact liability insurance within the state of California.
In 1986, a group of CPAs established an insurance company to address and solve the problems they and other CPAs faced in the profession. Their vision was to create a unique partnership that would operate solely for the benefit of CPA member-owners. CAMICO opened for business on June 24, 1986 with two full-time employees reporting to the President. Within a month, 1,250 CPA policyholders had joined.
1988
1988
CAMICO establishes a Loss Prevention Department.
In May 1988, CAMICO was the first insurance company serving the CPA marketplace to establish a stand-alone Loss Prevention department offering policyholders risk management guidance. CAMICO also pioneered the use of engagement letters for non-audit work, and published the first edition of the engagement letters book, “CPA’s Guide to Loss Prevention Practices” in September 1998.
1989
November 1989
John Dodsworth becomes CAMICO CEO and President.
The Board requested John Dodsworth to assume full-time management of CAMICO and he continued in the role of CEO and President until December 2008. Dodsworth also served as a member on CAMICO’s Board of Directors through June 2020.
1995
December 1995
CAMICO expands outside of California.
In its expansion from a California-only company to a multi-state company, CAMICO issued its first policy outside California in December 1995, to a CPA firm in Oregon. By the end of 1996, CAMICO had expanded operations into five western states: Washington, Oregon, Arizona, Nevada and Colorado.
2002
July 2002
CAMICO launches its Members-Only Site.
CAMICO’s Members-Only Site works in tandem with our advice lines and educational programs by enabling policyholders to access the resources online. The Members-Only Site includes articles, tips, claims chronicles, sample letter templates, online CPE and more!
2009
January 1, 2009
Ric Rosario succeeds John Dodsworth as CEO.
In a planned transition, Rosario succeeded Dodsworth as CAMICO CEO and President in January 2009. During Rosario’s 32 years of service at CAMICO, he embraced the company’s history and culture every day and built an enduring relationship with employees, policyholders and CPA Societies and Associations.
2011
June 2011
CAMICO celebrates a quarter century of protecting CPAs.
The year 2011 marked CAMICO’s 25th anniversary. After a quarter century of dialogue with its CPA policyholders, CAMICO continued to protect CPAs with insurance and risk management solutions.
2015
October 2015
CAMICO announces CyberCPA insurance.
CAMICO announced CyberCPA insurance to strengthen protection against cyber risk exposures, offering cyber and data‑security guidance, tools, and resources to help CPA firms prevent and manage incidents.
2017
November 2017
CAMICO launches eBusiness channel offering online liability quotes.
CAMICO enhanced its website and launched a streamlined and user-friendly insurance application for smaller CPA firms. The online, interactive application guides users through an easy three-step process for Accountants Professional Liability (APL) insurance.
2018
July 2018
Andrew M. Eassa named Chairman of the CAMICO Board.
Andrew Eassa succeeded Robert P. Evans, CPA, who served as chairman from 2012 to 2018. Eassa was a founding principal of Firley, Moran, Freer & Eassa, CPA, P.C., a public accounting firm based in Syracuse, N.Y.
2020
October 2020
CAMICO and CPA Mutual conclude agreement to transfer Accountants Professional Liability Insurance program to CAMICO
The agreement represents the collaboration of two mutual insurance companies both founded by CPAs to provide CPAs with policyholder-oriented coverages and services customized for CPAs.
2023
February 2023
Mike Ray named Chief Financial Officer
Ray is a CPA, previously with PricewaterhouseCoopers (PwC), and for 22 years served as the CFO for California Casualty Insurance Company. Ray succeeded CFO Jay Stewart, who retired after more than 12 years with CAMICO.
2024
July 2024
CAMICO Earns A- (Excellent) Rating from A.M. Best.
In July, A.M. Best upgraded CAMICO’s Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating of “a-“ (Excellent) from “bbb+” (Good). In excerpts from its 2024 report, AM Best said the ratings upgrade reflects “an improvement in CAMICO’s balance sheet strength assessment to the higher end of the 'very strong' category, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).”
2025
January 2025
Mike Ray becomes CAMICO President and CEO. Ric Rosario becomes Chairman of the Board.
Ray succeeded Ric Rosario, CPA, CGMA, who retired, December 31, 2024, after serving as CAMICO’s CEO since 2009. Ray’s proven leadership, expertise, and deep understanding of the complex challenges that CPAs encounter make him a strong and effective leader to drive CAMICO’s success forward. Rosario continues to serve as a member of CAMICO’s Board of Directors and became Chairman of Board in June 2025 after the retirement of Andrew M. Eassa.
2026
Resources
Engagement Letter Do’s and Don’ts
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Operations Report & Financial Statements
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Loss Prevention Hotlines
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