Company search
Company Details
AMERICAN ALTERNATIVE INSURANCE CORPORATION License Status :
Active
NAIC Number :
19720
Phone Number:
6092434542
Company Address:
555 College Road East
Princeton, NJ 08540
Description:
Property and Casualty
License Number:
B420769
Date Admitted:
1923-08-01
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 |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.04% | $7,105,130 | $7,365,110 | $1,490,601 | $130,228 | 1.77 % |
| 2023 | Total Fire & Allied Lines | 0.03% | $206,625 | $170,862 | $0 | $-5,853 | -3.43 % |
| 2023 | Commercial Fire & Allied Lines | 0.06% | $206,625 | $170,862 | $0 | $-5,786 | -3.39 % |
| 2023 | Farm Fire & Allied Lines | 0.00% | $0 | $0 | $0 | $-67 | N/A |
| 2023 | Commercial Multi-Peril | 0.00% | $-15,310 | $76,557 | $940,663 | $110,263 | N/A |
| 2023 | Ocean Marine | 0.00% | $0 | $0 | $0 | $9,423 | N/A |
| 2023 | Inland Marine (Incl Auto Cargo) | 0.00% | $2,181 | $9,888 | $0 | $-18,941 | -191.56 % |
| 2023 | Total Medical Malpractice | 0.00% | $-3,071 | $-307 | $0 | $-8,361 | 2,723.45 % |
| 2023 | Medical Malpractice - Hospitals | -0.01% | $-3,071 | $-307 | $0 | $-8,361 | 2,723.45 % |
| 2023 | Earthquake | 0.00% | $0 | $0 | $0 | $99 | N/A |
| 2023 | Direct Workers Compensation | 0.00% | $0 | $0 | $0 | $107,317 | N/A |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.05% | $482,283 | $495,105 | $130,000 | $1,349,275 | N/A |
| 2023 | Excess Workers Compensation | 0.00% | $0 | $0 | $0 | $4,930 | N/A |
| 2023 | Products Liability | 0.00% | $0 | $0 | $0 | $-5 | N/A |
| 2023 | Total Commercial Automobile | 0.00% | $375 | $558 | $4,653 | $-65,211 | -11,686.56 % |
| 2023 | Commercial Auto Liability Bodily Injury | 0.00% | $375 | $558 | $4,653 | $-39,345 | -7,051.08 % |
| 2023 | Commercial Auto Comprehensive | 0.00% | $0 | $0 | $0 | $-25,822 | N/A |
| 2023 | Commercial Auto Collision | 0.00% | $0 | $0 | $0 | $-44 | N/A |
| 2023 | Aircraft | 17.09% | $5,447,909 | $5,447,909 | $420,285 | $-1,287,819 | -23.64 % |
| 2023 | Surety | 0.86% | $984,138 | $1,164,538 | $-5,000 | $-64,909 | -5.57 % |
| 2023 | Burglary & Theft | 0.00% | $0 | $0 | $0 | $21 | N/A |
| 2023 | Boiler & Machinery | 0.00% | $0 | $0 | $0 | $-1 | N/A |
| 2022 | Total Property & Casualty | 0.04% | $5,179,214 | $4,661,470 | $1,002,928 | $-2,395,937 | -51.40 % |
| 2022 | Total Fire & Allied Lines | 0.03% | $159,000 | $40,077 | $0 | $32,416 | 80.88 % |
| 2022 | Commercial Fire & Allied Lines | 0.05% | $159,000 | $40,077 | $0 | $32,348 | 80.71 % |
| 2022 | Farm Fire & Allied Lines | 0.00% | $0 | $0 | $0 | $68 | N/A |
| 2022 | Commercial Multi-Peril | 0.04% | $361,566 | $360,475 | $325,893 | $-1,037,185 | -287.73 % |
| 2022 | Ocean Marine | 0.02% | $11,000 | $11,000 | $0 | $3,705 | 33.68 % |
| 2022 | Inland Marine (Incl Auto Cargo) | 0.00% | $23,245 | $37,044 | $0 | $-1,495 | -4.04 % |
| 2022 | Total Medical Malpractice | 0.00% | $1,783 | $178 | $0 | $-20,644 | -11,597.75 % |
| 2022 | Medical Malpractice - Hospitals | 0.00% | $1,783 | $178 | $0 | $-20,644 | -11,597.75 % |
| 2022 | Direct Workers Compensation | 0.00% | $0 | $239 | $0 | $-29,638 | -12,400.84 % |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.06% | $471,809 | $377,815 | $0 | $-1,652,275 | -437.32 % |
| 2022 | Products Liability | 0.00% | $0 | $0 | $0 | $-1 | N/A |
| 2022 | Total Commercial Automobile | 0.00% | $959 | $1,373 | $204,045 | $-365,617 | -26,629.06 % |
| 2022 | Commercial Auto Liability Bodily Injury | 0.00% | $959 | $1,373 | $113,430 | $-281,339 | -20,490.82 % |
| 2022 | Commercial Auto Uninsured Motorists | 0.00% | $0 | $0 | $90,909 | $40,909 | N/A |
| 2022 | Commercial Auto Comprehensive | 0.00% | $0 | $0 | $-250 | $-125,187 | N/A |
| 2022 | Commercial Auto Collision | 0.00% | $0 | $0 | $-44 | $0 | N/A |
| 2022 | Aircraft | 11.66% | $3,587,673 | $3,587,673 | $395,968 | $626,618 | 17.47 % |
| 2022 | Surety | 0.55% | $562,179 | $245,596 | $77,022 | $48,166 | 19.61 % |
| 2022 | Boiler & Machinery | 0.00% | $0 | $0 | $0 | $-2 | N/A |
| 2022 | Federal Crop Insurance Corporation | 0.00% | $0 | $0 | $0 | $15 | N/A |
| 2021 | Total Accident & Health | 0.00% | $0 | $0 | $0 | $-617,632 | N/A |
| 2021 | Total Individual Accident & Health | 0.00% | $0 | $0 | $0 | $-586,989 | N/A |
| 2021 | Individual Stop Loss | 0.00% | $0 | $0 | $0 | $-586,989 | N/A |
| 2021 | Total Group Accident & Health | 0.00% | $0 | $0 | $0 | $-30,643 | N/A |
| 2021 | Group Comprehensive Medical Expense - Association | 0.00% | $0 | $0 | $0 | $-7,967 | N/A |
| 2021 | Group Limited Benefit | 0.00% | $0 | $0 | $0 | $-22,676 | N/A |
| 2021 | Total Property & Casualty | 0.03% | $4,593,643 | $4,553,543 | $1,900,555 | $685,914 | 15.06 % |
| 2021 | Total Fire & Allied Lines | 0.00% | $0 | $0 | $0 | $26 | N/A |
| 2021 | Commercial Fire & Allied Lines | 0.00% | $0 | $0 | $0 | $26 | N/A |
| 2021 | Commercial Multi-Peril | 0.03% | $318,093 | $304,320 | $603,084 | $-3,278,958 | -1,077.47 % |
| 2021 | Inland Marine (Incl Auto Cargo) | 0.01% | $26,374 | $25,240 | $11,000 | $13,095 | 51.88 % |
| 2021 | Total Medical Malpractice | 0.00% | $0 | $0 | $0 | $30,947 | N/A |
| 2021 | Medical Malpractice - Hospitals | 0.00% | $0 | $0 | $0 | $30,947 | N/A |
| 2021 | Earthquake | 0.00% | $0 | $0 | $0 | $-1 | N/A |
| 2021 | Direct Workers Compensation | 0.00% | $310 | $310 | $0 | $5,817 | N/A |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.01% | $66,057 | $57,478 | $52,500 | $2,623,332 | N/A |
| 2021 | Products Liability | 0.00% | $0 | $0 | $0 | $6 | N/A |
| 2021 | Total Commercial Automobile | 0.00% | $1,862 | $2,277 | $391,705 | $-104,763 | -4,600.92 % |
| 2021 | Commercial Auto Liability Bodily Injury | 0.00% | $1,918 | $2,291 | $305,533 | $-397,772 | -17,362.37 % |
| 2021 | Commercial Auto Medical Payments | 0.00% | $-3 | $-3 | $-5,000 | $-4,142 | 138,066.67 % |
| 2021 | Commercial Auto Uninsured Motorists | 0.00% | $-12 | $-12 | $0 | $53,433 | N/A |
| 2021 | Commercial Auto Comprehensive | 0.00% | $-21 | $0 | $46,275 | $122,961 | N/A |
| 2021 | Commercial Auto Collision | 0.00% | $-20 | $1 | $44,897 | $120,757 | N/A |
| 2021 | Aircraft | 13.88% | $3,868,239 | $3,868,239 | $841,431 | $1,372,016 | 35.47 % |
| 2021 | Fidelity | 0.00% | $0 | $0 | $0 | $-601 | N/A |
| 2021 | Surety | 0.31% | $312,708 | $295,679 | $835 | $25,012 | 8.46 % |
| 2021 | Boiler & Machinery | 0.00% | $0 | $0 | $0 | $1 | N/A |
| 2021 | Federal Crop Insurance Corporation | 0.00% | $0 | $0 | $0 | $-15 | N/A |
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 | Health | 0.00% | 0 | 0 |
Company Changes
Market Conduct
Date: 07/30/2015
Date: 05/21/2019
Financial Exams
This company does not have any financial exams.