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Company Details

  AMERICAN ALTERNATIVE INSURANCE CORPORATION License Status :
Active

NAIC Number :

19720


Phone Number:

609-243-4313


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
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 0.05% $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 3.33% $3,401,720 $3,401,720 $500,269 $869,730 25.57 %
2020 Fidelity 0.00% $0 $0 $0 $-144 N/A
2020 Surety 0.17% $279,992 $276,243 $0 $59,019 21.36 %
2020 Boiler & Machinery 0.00% $0 $0 $0 $-1 N/A
2019 Total Accident & Health 0.00% $944,650 $944,650 $1,811,279 $-136,167 -14.41 %
2019 Total Individual Accident & Health 0.00% $944,650 $944,650 $1,811,281 $-79,007 -8.36 %
2019 Individual Stop Loss 12.05% $944,650 $944,650 $1,811,281 $-79,007 -8.36 %
2019 Total Group Accident & Health 0.00% $0 $0 $-2 $-57,160 N/A
2019 Group Comprehensive Medical Expense - Association 0.00% $0 $0 $0 $-14,728 N/A
2019 Group Limited Benefit 0.00% $0 $0 $-2 $-42,432 N/A
2018 Total Accident & Health 0.01% $4,182,399 $4,182,399 $3,292,008 $3,655,545 87.40 %
2018 Total Individual Accident & Health 0.02% $4,127,530 $4,127,530 $3,198,034 $3,623,223 87.78 %
2018 Individual Stop Loss 28.08% $4,127,530 $4,127,530 $3,198,034 $3,623,223 87.78 %
2018 Total Group Accident & Health 0.00% $54,869 $54,869 $93,974 $32,322 58.91 %
2018 Group Comprehensive Medical Expense - Association 0.00% $14,209 $14,209 $75,204 $-19,278 -135.67 %
2018 Group Limited Benefit 0.01% $40,660 $40,660 $18,770 $51,600 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 Health 0.02% 0 0
2019 Health 0.03% 0 0
2018 Health 0.04% 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.