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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 |
|---|---|---|---|---|---|---|---|
| 2020 | Total Property & Casualty | 0.11% | $33,453,212 | $19,165,929 | $8,401,890 | $11,754,668 | 61.33 % |
| 2020 | Total Fire & Allied Lines | 0.00% | $0 | $3 | $0 | $0 | 0.00 % |
| 2020 | Commercial Fire & Allied Lines | 0.00% | $0 | $3 | $0 | $0 | 0.00 % |
| 2020 | Farmowners Multi-Peril | 0.01% | $65,103 | $493,032 | $514,366 | $478,714 | 97.10 % |
| 2020 | Total Homeowners | 0.54% | $31,484,699 | $17,570,103 | $7,832,855 | $11,345,485 | 64.57 % |
| 2020 | Homeowners Multi-Peril | 0.57% | $31,484,699 | $17,570,103 | $7,832,855 | $11,345,485 | 64.57 % |
| 2020 | Commercial Multi-Peril | 0.00% | $-493 | $-350 | $88 | $-144,608 | N/A |
| 2020 | Inland Marine (Incl Auto Cargo) | 0.03% | $394,253 | $217,634 | $22,708 | $33,301 | 15.30 % |
| 2020 | Earthquake | 0.47% | $1,403,974 | $816,091 | $0 | $42,310 | 5.18 % |
| 2020 | Direct Workers Compensation | 0.00% | $-151 | $-147 | $31,873 | $-9,834 | N/A |
| 2020 | Other Liability - Bodily Injury & Property Damage | 0.01% | $97,134 | $56,058 | $0 | $-10,720 | -19.12 % |
| 2020 | Total Commercial Automobile | 0.00% | $83 | $1,710 | $0 | $10,093 | N/A |
| 2020 | Commercial Auto Liability Bodily Injury | 0.00% | $133 | $1,317 | $0 | $10,128 | N/A |
| 2020 | Commercial Auto Medical Payments | 0.00% | $-7 | $39 | $0 | $0 | 0.00 % |
| 2020 | Commercial Auto Uninsured Motorists | 0.00% | $-13 | $126 | $0 | $0 | 0.00 % |
| 2020 | Commercial Auto Comprehensive | 0.00% | $0 | $0 | $0 | $-35 | N/A |
| 2020 | Commercial Auto Collision | 0.00% | $-30 | $228 | $0 | $0 | 0.00 % |
| 2020 | Umbrella | 0.00% | $8,610 | $11,795 | $0 | $9,927 | 84.16 % |
| 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 | 0.16% | $1,067,479 | $1,179,116 | $378,589 | $561,648 | 47.63 % |
| 2019 | Total Homeowners | 0.09% | $4,879,879 | $580,675 | $219,587 | $526,067 | 90.60 % |
| 2019 | Homeowners Multi-Peril | 0.09% | $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 | 0.08% | $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 % |
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 |
|---|---|---|---|---|
| 2021 | Homeowners | 1.18% | 6 | 57 |
| 2020 | Homeowners | 0.50% | 1 | 25 |
| 2019 | Homeowners | 0.11% | 0 | 0 |
Company Changes
Market Conduct
Date: 09/17/2007
Date: 09/17/2007
Financial Exams
This company does not have any financial exams.