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Company Details
AMERICAN ECONOMY INSURANCE COMPANY License Status :
Active
NAIC Number :
19690
Phone Number:
6173579500
Company Address:
175 Berkeley Street
Boston, MA 02116
Description:
Property and Casualty
License Number:
B419919
Date Admitted:
1961-12-07
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.61% | $96,713,747 | $86,948,071 | $59,795,790 | $56,325,895 | 64.78 % |
| 2023 | Total Fire & Allied Lines | 0.00% | $0 | $0 | $12,187 | $28,057 | N/A |
| 2023 | Dwelling Fire & Allied Lines | 0.00% | $0 | $0 | $12,187 | $28,057 | N/A |
| 2023 | Farmowners Multi-Peril | 0.00% | $0 | $0 | $12,500 | $-17,698 | N/A |
| 2023 | Total Homeowners | 2.80% | $83,594,358 | $80,720,761 | $59,028,937 | $59,176,398 | 73.31 % |
| 2023 | Homeowners Multi-Peril | 2.90% | $83,594,358 | $80,720,761 | $59,028,937 | $59,176,398 | 73.31 % |
| 2023 | Commercial Multi-Peril | 0.00% | $0 | $0 | $7,437 | $-3,722,939 | N/A |
| 2023 | Inland Marine (Incl Auto Cargo) | 0.17% | $953,294 | $905,040 | $171,629 | $141,714 | 15.66 % |
| 2023 | Earthquake | 1.82% | $2,584,129 | $2,765,057 | $0 | $164,663 | 5.96 % |
| 2023 | Direct Workers Compensation | 0.00% | $0 | $0 | $29,646 | $-93,121 | N/A |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.02% | $174,986 | $165,016 | $0 | $-13,209 | -8.00 % |
| 2023 | Total Private Passenger Automobile | 0.17% | $9,406,880 | $2,392,197 | $533,454 | $666,768 | 27.87 % |
| 2023 | Private Passenger Auto Liability Bodily Injury | 0.19% | $2,591,097 | $659,106 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Auto Liability Property Damage | 0.14% | $1,422,045 | $362,186 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Auto Medical Payments | 0.13% | $118,509 | $29,974 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Uninsured Motorists | 0.18% | $519,665 | $131,538 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Underinsured Motorists | 0.42% | $478,696 | $120,006 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Auto Comprehensive | 0.00% | $0 | $0 | $203,413 | $251,733 | N/A |
| 2023 | Private Passenger Auto Collision | 0.28% | $4,276,868 | $1,089,387 | $330,041 | $415,035 | 38.10 % |
| 2023 | Total Commercial Automobile | 0.00% | $100 | $0 | $0 | $-4,738 | N/A |
| 2023 | Commercial Auto Liability Bodily Injury | 0.00% | $100 | $0 | $0 | $-4,738 | N/A |
| 2022 | Total Property & Casualty | 0.58% | $83,787,685 | $73,993,874 | $32,863,941 | $48,576,794 | 65.65 % |
| 2022 | Farmowners Multi-Peril | 0.00% | $0 | $0 | $0 | $-49,729 | N/A |
| 2022 | Total Homeowners | 2.94% | $79,649,278 | $70,086,069 | $32,819,585 | $49,202,918 | 70.20 % |
| 2022 | Homeowners Multi-Peril | 3.05% | $79,649,278 | $70,086,069 | $32,819,585 | $49,202,918 | 70.20 % |
| 2022 | Commercial Multi-Peril | 0.00% | $0 | $0 | $4,390 | $-586,983 | N/A |
| 2022 | Inland Marine (Incl Auto Cargo) | 0.18% | $939,911 | $902,393 | $285,294 | $335,065 | 37.13 % |
| 2022 | Earthquake | 2.21% | $3,026,389 | $2,837,176 | $0 | $164,386 | 5.79 % |
| 2022 | Direct Workers Compensation | 0.00% | $0 | $0 | $29,488 | $-29,507 | N/A |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.02% | $172,107 | $168,236 | $-274,816 | $-443,984 | -263.91 % |
| 2022 | Total Commercial Automobile | 0.00% | $0 | $0 | $0 | $-32,501 | N/A |
| 2022 | Commercial Auto Liability Bodily Injury | 0.00% | $0 | $0 | $0 | $-32,501 | N/A |
| 2022 | Umbrella | 0.00% | $0 | $0 | $0 | $17,129 | N/A |
| 2021 | Total Property & Casualty | 0.46% | $61,769,131 | $47,295,452 | $22,328,398 | $33,705,452 | 71.27 % |
| 2021 | Farmowners Multi-Peril | 0.00% | $0 | $15,794 | $217,047 | $90,941 | N/A |
| 2021 | Total Homeowners | 2.37% | $58,331,499 | $44,625,535 | $21,522,717 | $29,101,367 | 65.21 % |
| 2021 | Homeowners Multi-Peril | 2.47% | $58,331,499 | $44,625,535 | $21,522,717 | $29,101,367 | 65.21 % |
| 2021 | Commercial Multi-Peril | 0.00% | $0 | $1 | $150,821 | $3,771,987 | N/A |
| 2021 | Inland Marine (Incl Auto Cargo) | 0.17% | $818,775 | $610,428 | $127,255 | $136,994 | 22.44 % |
| 2021 | Earthquake | 1.89% | $2,465,819 | $1,915,743 | $0 | $73,639 | 3.84 % |
| 2021 | Direct Workers Compensation | 0.00% | $0 | $0 | $28,185 | $-40,478 | N/A |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.02% | $153,038 | $125,130 | $282,373 | $572,096 | N/A |
| 2021 | Total Commercial Automobile | 0.00% | $0 | $97 | $0 | $-3,950 | -4,072.16 % |
| 2021 | Commercial Auto Liability Bodily Injury | 0.00% | $0 | $97 | $0 | $-3,587 | -3,697.94 % |
| 2021 | Commercial Auto Comprehensive | 0.00% | $0 | $0 | $0 | $-363 | N/A |
| 2021 | Umbrella | 0.00% | $0 | $2,724 | $0 | $2,856 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Private Passenger Auto | 0.06% | 1 | 90 |
| 2023 | Homeowners | 2.35% | 17 | 58 |
| 2022 | Homeowners | 1.96% | 7 | 37 |
| 2021 | Homeowners | 1.18% | 6 | 57 |
Company Changes
Market Conduct
Date: 09/17/2007
Date: 09/17/2007
Financial Exams
This company does not have any financial exams.