Company Details

  AMERICAN ALTERNATIVE INSURANCE CORPORATION License Status :
Active

NAIC Number :

19720


Phone Number:

6092434200


Company Address:

555 COLLEGE RD EAST PLZ 2 
PRINCETON, NJ  08543-5241

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 Earned Direct Premium Written Direct Losses Paid Direct Losses Incurred Loss Ratio
2018 Total Accident & Health 0.00% $4,182,399 $4,182,399 $3,292,008 $3,655,545 87.40 %
2018 Total Individual Accident & Health 0.01% $4,127,530 $4,127,530 $3,198,034 $3,623,223 87.78 %
2018 Individual Stop Loss 14.04% $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 0.00% $40,660 $40,660 $18,770 $51,600 N/A
2018 Total Property & Casualty 0.02% $10,827,815 $10,706,296 $2,792,147 $2,403,418 22.45 %
2018 Total Fire & Allied Lines 0.00% $-8,889 $-1,949 $0 $-5,512 N/A
2018 Commercial Fire & Allied Lines 0.00% $-8,889 $-1,949 $0 $-5,512 N/A
2018 Commercial Multi-Peril 0.16% $5,758,115 $5,454,279 $976,358 $1,270,779 23.30 %
2018 Inland Marine (Incl Auto Cargo) 0.00% $24,205 $24,800 $62,250 $41,467 N/A
2018 Total Medical Malpractice 0.03% $88,602 $88,487 $0 $-1,141 -1.29 %
2018 Medical Malpractice - Hospitals 0.14% $88,602 $88,487 $0 $-1,141 -1.29 %
2018 Earthquake 0.00% $0 $0 $0 $-3 N/A
2018 Direct Workers Compensation 0.00% $-1,324 $150 $0 $-155,479 -103,652.67 %
2018 Other Liability - Bodily Injury & Property Damage 0.02% $596,224 $559,337 $10,909 $-314,330 -56.20 %
2018 Total Commercial Automobile 0.10% $2,950,246 $3,164,515 $1,368,361 $1,204,703 38.07 %
2018 Commercial Auto Liability Bodily Injury 0.08% $1,221,354 $1,273,909 $372,157 $410,240 32.20 %
2018 Commercial Auto Medical Payments 0.15% $51,911 $53,015 $582 $-176 -0.33 %
2018 Commercial Auto Uninsured Motorists 0.23% $200,208 $204,412 $1,000 $9,180 4.49 %
2018 Commercial Auto Comprehensive 0.14% $467,731 $513,165 $446,407 $388,350 75.68 %
2018 Commercial Auto Collision 0.20% $1,009,042 $1,120,014 $548,215 $397,109 35.46 %
2018 Aircraft 0.99% $1,175,532 $1,175,532 $373,878 $311,168 26.47 %
2018 Fidelity 0.00% $912 $1,133 $0 $99 8.74 %
2018 Surety 0.09% $244,364 $240,050 $391 $51,907 21.62 %
2018 Boiler & Machinery 0.00% $-172 $-38 $0 $-240 N/A
2017 Total Accident & Health 0.01% $4,124,395 $4,124,395 $1,664,457 $2,476,364 60.04 %
2017 Total Individual Accident & Health 0.02% $3,831,025 $3,831,025 $1,594,130 $2,341,921 61.13 %
2017 Individual Stop Loss 42.29% $3,831,025 $3,831,025 $1,594,130 $2,341,921 61.13 %
2017 Total Group Accident & Health 0.00% $293,370 $293,370 $70,327 $134,443 45.83 %
2017 Group Comprehensive Medical Expense - Small Employer 0.00% $0 $0 $-536 $-536 N/A
2017 Group Comprehensive Medical Expense - Association 0.10% $197,931 $197,931 $48,167 $107,167 54.14 %
2017 Group Limited Benefit 0.02% $95,439 $95,439 $22,696 $27,812 29.14 %
2017 Total Property & Casualty 0.04% $9,649,395 $9,136,715 $4,720,190 $5,662,183 61.97 %
2017 Total Fire & Allied Lines 0.00% $11,948 $11,687 $0 $-2,177 -18.63 %
2017 Commercial Fire & Allied Lines 0.00% $11,948 $11,687 $0 $-2,177 -18.63 %
2017 Commercial Multi-Peril 0.23% $4,227,747 $3,736,204 $1,230,453 $1,794,155 48.02 %
2017 Growing Crops 0.00% $0 $0 $0 $-6 N/A
2017 Inland Marine (Incl Auto Cargo) 0.00% $25,208 $76,988 $37,631 $33,215 43.14 %
2017 Total Medical Malpractice 0.05% $85,744 $93,961 $0 $9,915 10.55 %
2017 Medical Malpractice - Hospitals 0.29% $85,744 $93,961 $0 $9,915 10.55 %
2017 Earthquake 0.00% $0 $0 $0 $-3 N/A
2017 Direct Workers Compensation 0.00% $1,524 $218 $103,366 $-55,813 -25,602.29 %
2017 Other Liability - Bodily Injury & Property Damage 0.03% $544,405 $527,906 $0 $113,764 21.55 %
2017 Total Commercial Automobile 0.24% $3,309,839 $3,254,436 $2,635,446 $2,646,655 81.32 %
2017 Commercial Auto Liability Bodily Injury 0.20% $1,318,003 $1,293,716 $1,999,864 $1,877,976 N/A
2017 Commercial Auto Medical Payments 0.32% $51,835 $44,125 $0 $14,005 31.74 %
2017 Commercial Auto Uninsured Motorists 0.44% $193,801 $180,414 $0 $60,363 33.46 %
2017 Commercial Auto Comprehensive 0.34% $544,038 $536,643 $282,695 $305,897 57.00 %
2017 Commercial Auto Collision 0.49% $1,202,162 $1,199,538 $352,887 $388,414 32.38 %
2017 Aircraft 1.78% $1,214,375 $1,214,375 $719,826 $1,129,788 93.03 %
2017 Fidelity 0.00% $958 $968 $0 $39 4.03 %
2017 Surety 0.19% $227,416 $219,743 $-6,532 $-7,645 -3.48 %
2017 Boiler & Machinery 0.00% $231 $229 $0 $177 77.29 %
2017 Federal Crop Insurance Corporation 0.00% $0 $0 $0 $119 N/A
2016 Total Accident & Health 0.00% $2,135,952 $2,135,952 $8,387,613 $9,338,939 N/A
2016 Total Individual Accident & Health 0.01% $1,949,699 $1,949,699 $8,349,154 $9,317,103 N/A
2016 Individual Stop Loss 9.05% $1,949,699 $1,949,699 $8,349,154 $9,317,103 N/A
2016 Total Group Accident & Health 0.00% $186,253 $186,253 $38,459 $21,836 11.72 %
2016 Group Comprehensive Medical Expense - Small Employer 0.00% $0 $0 $-473 $-4,078 N/A
2016 Group Comprehensive Medical Expense - Association 0.04% $102,158 $102,158 $8,138 $5,444 5.33 %
2016 Group Limited Benefit 0.02% $84,095 $84,095 $30,794 $20,470 24.34 %
2016 Total Property & Casualty 0.04% $9,091,307 $8,918,939 $4,114,525 $3,449,737 38.68 %
2016 Total Fire & Allied Lines 0.00% $11,499 $4,820 $0 $-12,798 -265.52 %
2016 Commercial Fire & Allied Lines 0.00% $11,499 $4,820 $0 $-12,798 -265.52 %
2016 Commercial Multi-Peril 0.19% $3,455,602 $3,467,798 $1,694,677 $973,242 28.07 %
2016 Growing Crops 0.00% $0 $0 $0 $-43 N/A
2016 Inland Marine (Incl Auto Cargo) 0.02% $158,985 $173,128 $79,380 $125,597 72.55 %
2016 Total Medical Malpractice 0.05% $93,666 $99,872 $0 $2,444 2.45 %
2016 Medical Malpractice - Hospitals 0.29% $93,666 $99,872 $0 $2,444 2.45 %
2016 Earthquake 0.00% $0 $0 $0 $-65 N/A
2016 Direct Workers Compensation 0.00% $284 $-198 $62,890 $221,148 -111,690.91 %
2016 Other Liability - Bodily Injury & Property Damage 0.04% $584,442 $522,260 $0 $-121,048 -23.18 %
2016 Total Commercial Automobile 0.27% $3,577,434 $3,461,192 $2,109,975 $2,156,034 62.29 %
2016 Commercial Auto Liability Bodily Injury 0.24% $1,629,308 $1,612,593 $1,359,588 $1,285,202 79.70 %
2016 Commercial Auto Medical Payments 0.24% $37,712 $35,808 $0 $7,179 20.05 %
2016 Commercial Auto Uninsured Motorists 0.43% $172,678 $169,160 $0 $32,873 19.43 %
2016 Commercial Auto Comprehensive 0.36% $533,254 $509,861 $340,848 $317,774 62.33 %
2016 Commercial Auto Collision 0.53% $1,204,482 $1,133,770 $409,539 $513,006 45.25 %
2016 Aircraft 1.27% $993,813 $993,813 $158,089 $51,048 5.14 %
2016 Fidelity 0.00% $974 $844 $0 $-38 -4.50 %
2016 Surety 0.16% $214,381 $195,315 $9,514 $57,779 29.58 %
2016 Boiler & Machinery 0.00% $227 $95 $0 $46 48.42 %
2016 Federal Crop Insurance Corporation 0.00% $0 $0 $0 $-3,609 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
2018 Health 0.04% 0 0
2017 Health 0.03% 1 79
2016 Health 0.02% 2 185


Company Changes

Effective Date: 07/30/2015

Comments:

Effective Date: 05/21/2019

Comments:


Market Conduct

Date: 07/30/2015

AmericanAltStip.pdf

Date: 05/21/2019

AAIC519.pdf


Financial Exams

This company does not have any financial exams.