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Company Details

  AMERICAN ALTERNATIVE INSURANCE CORPORATION License Status :
Active

NAIC Number :

19720


Phone Number:

6092434200


Company Address:

555 COLLEGE ROAD EAST 
PRINCETON, NJ  08543

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
2022 Total Property & Casualty 0.01% $5,179,214 $4,661,470 $1,002,928 $-2,395,937 -51.40 %
2022 Total Fire & Allied Lines 0.01% $159,000 $40,077 $0 $32,416 80.88 %
2022 Commercial Fire & Allied Lines 0.02% $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 0.01% $361,566 $360,475 $325,893 $-1,037,185 -287.73 %
2022 Ocean Marine 0.01% $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 0.02% $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 2.99% $3,587,673 $3,587,673 $395,968 $626,618 17.47 %
2022 Surety 0.28% $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 0.01% $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 0.01% $318,093 $304,320 $603,084 $-3,278,958 -1,077.47 %
2021 Inland Marine (Incl Auto Cargo) 0.00% $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 0.00% $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 3.90% $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 0.16% $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
2020 Total Accident & Health 0.00% $0 $0 $21,610 $-388,643 N/A
2020 Total Individual Accident & Health 0.00% $0 $0 $21,610 $-349,229 N/A
2020 Individual Stop Loss 0.00% $0 $0 $21,610 $-349,229 N/A
2020 Total Group Accident & Health 0.00% $0 $0 $0 $-39,414 N/A
2020 Group Comprehensive Medical Expense - Association 0.00% $0 $0 $0 $-10,248 N/A
2020 Group Limited Benefit 0.00% $0 $0 $0 $-29,166 N/A
2020 Total Property & Casualty 0.02% $5,113,068 $8,395,227 $5,139,302 $3,368,847 40.13 %
2020 Total Fire & Allied Lines 0.00% $0 $0 $0 $-295 N/A
2020 Farm Fire & Allied Lines 0.00% $0 $0 $0 $-295 N/A
2020 Commercial Multi-Peril 0.04% $978,449 $2,891,697 $2,317,960 $1,155,741 39.97 %
2020 Inland Marine (Incl Auto Cargo) 0.00% $50,081 $35,182 $0 $-543 -1.54 %
2020 Total Medical Malpractice 0.00% $0 $50,229 $0 $-8,914 -17.75 %
2020 Medical Malpractice - Hospitals 0.00% $0 $50,229 $0 $-8,914 -17.75 %
2020 Earthquake 0.00% $0 $0 $0 $-1 N/A
2020 Direct Workers Compensation 0.00% $567 $667 $0 $-17,771 -2,664.32 %
2020 Other Liability - Bodily Injury & Property Damage 0.01% $160,583 $356,331 $0 $9,641 2.71 %
2020 Total Commercial Automobile 0.01% $241,676 $1,383,158 $2,321,073 $1,302,385 94.16 %
2020 Commercial Auto Liability Bodily Injury 0.01% $121,660 $569,007 $1,042,597 $124,146 21.82 %
2020 Commercial Auto Medical Payments 0.03% $5,735 $26,091 $5,000 $-5,000 -19.16 %
2020 Commercial Auto Uninsured Motorists 0.02% $13,282 $81,440 $40,000 $16,840 20.68 %
2020 Commercial Auto Comprehensive 0.01% $30,761 $231,124 $547,711 $562,862 N/A
2020 Commercial Auto Collision 0.02% $70,238 $475,496 $685,765 $603,537 N/A
2020 Aircraft 3.31% $3,401,720 $3,401,720 $500,269 $869,730 25.57 %
2020 Fidelity 0.00% $0 $0 $0 $-144 N/A
2020 Surety 0.16% $279,992 $276,243 $0 $59,019 21.36 %
2020 Boiler & Machinery 0.00% $0 $0 $0 $-1 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
2021 Health 0.00% 0 0
2020 Health 0.02% 0 0


Company Changes


Market Conduct

Date: 07/30/2015

AmericanAltStip.pdf

Date: 05/21/2019

AAIC519.pdf


Financial Exams

This company does not have any financial exams.