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 0.12% $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 0.63% $31,484,699 $17,570,103 $7,832,855 $11,345,485 64.57 %
2020 Homeowners Multi-Peril 0.67% $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 0.55% $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 0.18% $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 0.21% $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

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2020 Homeowners 0.50% 1 25
2019 Homeowners 0.11% 0 0
2018 Homeowners 0.05% 0 0


Company Changes


Market Conduct

Date: 09/17/2007

safeco_order.pdf

Date: 09/17/2007

safeco_stipulation.pdf


Financial Exams

This company does not have any financial exams.