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Company Details
AMERICAN ECONOMY INSURANCE COMPANY License Status :
Active
NAIC Number :
19690
Phone Number:
617-357-9500
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 |
|---|---|---|---|---|---|---|---|
| 2019 | Total Property & Casualty | 0.02% | $6,283,460 | $1,885,224 | $1,066,228 | $1,138,392 | 60.38 % |
| 2019 | Total Fire & Allied Lines | 0.00% | $119 | $119 | $0 | $0 | 0.00 % |
| 2019 | Commercial Fire & Allied Lines | 0.00% | $119 | $119 | $0 | $0 | 0.00 % |
| 2019 | Farmowners Multi-Peril | 0.20% | $1,067,479 | $1,179,116 | $378,589 | $561,648 | 47.63 % |
| 2019 | Total Homeowners | 0.10% | $4,879,879 | $580,675 | $219,587 | $526,067 | 90.60 % |
| 2019 | Homeowners Multi-Peril | 0.11% | $4,879,879 | $580,675 | $219,587 | $526,067 | 90.60 % |
| 2019 | Commercial Multi-Peril | 0.00% | $5,202 | $14,942 | $52,391 | $-81,140 | -543.03 % |
| 2019 | Inland Marine (Incl Auto Cargo) | 0.00% | $56,702 | $6,997 | $15,000 | $16,047 | N/A |
| 2019 | Earthquake | 0.10% | $228,477 | $37,401 | $0 | $3,944 | 10.55 % |
| 2019 | Direct Workers Compensation | 0.00% | $-1,897 | $12,457 | $393,739 | $83,928 | N/A |
| 2019 | Other Liability - Bodily Injury & Property Damage | 0.00% | $14,517 | $1,709 | $0 | $193 | 11.29 % |
| 2019 | Total Commercial Automobile | 0.00% | $13,078 | $30,322 | $6,922 | $8,479 | 27.96 % |
| 2019 | Commercial Auto Liability Bodily Injury | 0.00% | $8,189 | $15,419 | $6,922 | $8,703 | 56.44 % |
| 2019 | Commercial Auto Medical Payments | 0.00% | $740 | $900 | $0 | $0 | 0.00 % |
| 2019 | Commercial Auto Uninsured Motorists | 0.00% | $1,087 | $1,572 | $0 | $0 | 0.00 % |
| 2019 | Commercial Auto Comprehensive | 0.00% | $0 | $0 | $0 | $399 | N/A |
| 2019 | Commercial Auto Collision | 0.00% | $3,062 | $12,431 | $0 | $-623 | -5.01 % |
| 2019 | Umbrella | 0.01% | $19,904 | $21,486 | $0 | $19,226 | 89.48 % |
| 2018 | Total Property & Casualty | 0.01% | $1,287,952 | $1,423,539 | $789,047 | $82,956 | 5.83 % |
| 2018 | Total Fire & Allied Lines | 0.00% | $119 | $116 | $0 | $0 | 0.00 % |
| 2018 | Commercial Fire & Allied Lines | 0.00% | $119 | $116 | $0 | $0 | 0.00 % |
| 2018 | Farmowners Multi-Peril | 0.23% | $1,173,319 | $1,249,090 | $124,286 | $157,072 | 12.57 % |
| 2018 | Commercial Multi-Peril | 0.00% | $19,693 | $57,558 | $533,574 | $-226,048 | -392.73 % |
| 2018 | Inland Marine (Incl Auto Cargo) | 0.00% | $0 | $816 | $0 | $0 | 0.00 % |
| 2018 | Earthquake | 0.01% | $11,315 | $12,019 | $0 | $0 | 0.00 % |
| 2018 | Direct Workers Compensation | 0.00% | $12,474 | $29,572 | $128,318 | $41,756 | N/A |
| 2018 | Other Liability - Bodily Injury & Property Damage | 0.00% | $0 | $0 | $0 | $-408 | N/A |
| 2018 | Total Commercial Automobile | 0.00% | $53,020 | $56,701 | $2,869 | $69,087 | N/A |
| 2018 | Commercial Auto Liability Bodily Injury | 0.00% | $28,025 | $34,194 | $0 | $0 | 0.00 % |
| 2018 | Commercial Auto Liability Property Damage | 0.00% | $0 | $0 | $639 | $43,044 | N/A |
| 2018 | Commercial Auto Medical Payments | 0.01% | $1,302 | $1,466 | $362 | $24,367 | N/A |
| 2018 | Commercial Auto Uninsured Motorists | 0.01% | $2,588 | $3,988 | $0 | $0 | 0.00 % |
| 2018 | Commercial Auto Collision | 0.01% | $21,105 | $17,053 | $1,868 | $1,676 | 9.83 % |
| 2018 | Umbrella | 0.01% | $18,012 | $17,667 | $0 | $41,497 | N/A |
| 2017 | Total Property & Casualty | 0.01% | $1,544,889 | $2,102,232 | $1,397,715 | $764,215 | 36.35 % |
| 2017 | Total Fire & Allied Lines | 0.00% | $0 | $685 | $0 | $0 | 0.00 % |
| 2017 | Commercial Fire & Allied Lines | 0.00% | $0 | $685 | $0 | $0 | 0.00 % |
| 2017 | Farmowners Multi-Peril | 0.23% | $1,229,141 | $1,206,422 | $959,020 | $909,695 | 75.40 % |
| 2017 | Commercial Multi-Peril | 0.01% | $148,574 | $558,106 | $149,997 | $129,733 | 23.25 % |
| 2017 | Inland Marine (Incl Auto Cargo) | 0.00% | $2,348 | $4,528 | $0 | $-152 | -3.36 % |
| 2017 | Earthquake | 0.01% | $17,823 | $34,997 | $0 | $0 | 0.00 % |
| 2017 | Direct Workers Compensation | 0.00% | $80,325 | $175,877 | $67,450 | $-335,135 | -190.55 % |
| 2017 | Other Liability - Bodily Injury & Property Damage | 0.00% | $0 | $1,785 | $0 | $-264 | -14.79 % |
| 2017 | Products Liability | 0.00% | $0 | $289 | $0 | $0 | 0.00 % |
| 2017 | Total Commercial Automobile | 0.00% | $53,047 | $107,363 | $221,248 | $128,856 | N/A |
| 2017 | Commercial Auto Liability Bodily Injury | 0.00% | $32,156 | $69,949 | $187,046 | $94,830 | N/A |
| 2017 | Commercial Auto Liability Property Damage | 0.00% | $0 | $0 | $1,153 | $585 | N/A |
| 2017 | Commercial Auto Medical Payments | 0.01% | $1,212 | $2,625 | $0 | $0 | 0.00 % |
| 2017 | Commercial Auto Uninsured Motorists | 0.01% | $4,117 | $7,684 | $0 | $0 | 0.00 % |
| 2017 | Commercial Auto Collision | 0.01% | $15,562 | $27,105 | $33,049 | $33,441 | N/A |
| 2017 | Boiler & Machinery | 0.00% | $0 | $28 | $0 | $0 | 0.00 % |
| 2017 | Umbrella | 0.01% | $13,631 | $12,152 | $0 | $-68,518 | -563.84 % |
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 |
|---|---|---|---|---|
| 2019 | Homeowners | 0.11% | 0 | 0 |
| 2018 | Homeowners | 0.05% | 0 | 0 |
| 2017 | Homeowners | 0.06% | 0 | 0 |
Company Changes
Market Conduct
Date: 09/17/2007
Date: 09/17/2007
Financial Exams
This company does not have any financial exams.