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:

2024-07-01


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 0.22% $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 1.07% $79,649,278 $70,086,069 $32,819,585 $49,202,918 70.20 %
2022 Homeowners Multi-Peril 1.11% $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 0.84% $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 0.18% $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 0.85% $58,331,499 $44,625,535 $21,522,717 $29,101,367 65.21 %
2021 Homeowners Multi-Peril 0.90% $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 0.73% $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

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
2022 Homeowners 1.96% 7 37
2021 Homeowners 1.18% 6 57


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.