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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 |
|---|---|---|---|---|---|---|---|
| 2022 | Total Property & Casualty | 0.23% | $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 | 1.12% | $79,649,278 | $70,086,069 | $32,819,585 | $49,202,918 | 70.20 % |
| 2022 | Homeowners Multi-Peril | 1.17% | $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) | 0.06% | $939,911 | $902,393 | $285,294 | $335,065 | 37.13 % |
| 2022 | Earthquake | 0.88% | $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 | 0.01% | $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 | 0.19% | $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 | 0.90% | $58,331,499 | $44,625,535 | $21,522,717 | $29,101,367 | 65.21 % |
| 2021 | Homeowners Multi-Peril | 0.94% | $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) | 0.06% | $818,775 | $610,428 | $127,255 | $136,994 | 22.44 % |
| 2021 | Earthquake | 0.76% | $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 | 0.01% | $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 |
| 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 | 0.52% | $31,484,699 | $17,570,103 | $7,832,855 | $11,345,485 | 64.57 % |
| 2020 | Homeowners Multi-Peril | 0.55% | $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 | 41,316.57 % |
| 2020 | Inland Marine (Incl Auto Cargo) | 0.03% | $394,253 | $217,634 | $22,708 | $33,301 | 15.30 % |
| 2020 | Earthquake | 0.46% | $1,403,974 | $816,091 | $0 | $42,310 | 5.18 % |
| 2020 | Direct Workers Compensation | 0.00% | $-151 | $-147 | $31,873 | $-9,834 | 6,689.80 % |
| 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 % |
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 |
|---|---|---|---|---|
| 2022 | Homeowners | 1.96% | 7 | 37 |
| 2021 | Homeowners | 1.18% | 6 | 57 |
| 2020 | Homeowners | 0.50% | 1 | 25 |
Company Changes
Market Conduct
Date: 09/17/2007
Date: 09/17/2007
Financial Exams
This company does not have any financial exams.