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Company Details
BANKERS STANDARD INSURANCE COMPANY License Status :
Active
NAIC Number :
18279
Phone Number:
215-640-5259
Company Address:
436 WALNUT STREET, P.O. BOX 1000
PHILADELPHIA, PA 19106
Description:
Property and Casualty
License Number:
B423372
Date Admitted:
1977-05-20
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 Property & Casualty | 0.09% | $23,614,507 | $23,879,136 | $8,644,945 | $7,859,906 | 32.92 % |
| 2020 | Total Homeowners | 0.26% | $12,889,969 | $12,992,636 | $6,015,319 | $4,048,805 | 31.16 % |
| 2020 | Homeowners Multi-Peril | 0.27% | $12,889,969 | $12,992,636 | $6,015,319 | $4,048,805 | 31.16 % |
| 2020 | Ocean Marine | 0.00% | $0 | $0 | $0 | $-440 | N/A |
| 2020 | Inland Marine (Incl Auto Cargo) | 0.23% | $2,672,691 | $2,732,955 | $487,648 | $572,198 | 20.94 % |
| 2020 | Earthquake | 0.69% | $1,751,625 | $1,879,594 | $0 | $6,753 | 0.36 % |
| 2020 | Direct Workers Compensation | 0.03% | $751,189 | $533,638 | $130,556 | $-491,775 | -92.16 % |
| 2020 | Other Liability - Bodily Injury & Property Damage | 0.10% | $1,768,466 | $1,845,500 | $0 | $1,581,138 | 85.68 % |
| 2020 | Total Private Passenger Automobile | 0.05% | $3,658,714 | $3,763,033 | $1,988,231 | $2,111,244 | 56.10 % |
| 2020 | Private Passenger Auto Liability Bodily Injury | 0.08% | $1,718,005 | $1,745,452 | $1,267,512 | $1,196,015 | 68.52 % |
| 2020 | Private Passenger Auto Comprehensive | 0.13% | $1,940,709 | $2,017,581 | $720,719 | $915,229 | 45.36 % |
| 2020 | Burglary & Theft | 0.09% | $16,515 | $17,482 | $0 | $2,430 | 13.90 % |
| 2020 | Boiler & Machinery | 0.08% | $54,806 | $59,531 | $23,191 | $37,350 | 62.74 % |
| 2020 | Private Flood | 0.46% | $50,532 | $54,767 | $0 | $-7,797 | -14.24 % |
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 |
|---|---|---|---|---|
| 2020 | Private Passenger Auto | 0.09% | 0 | 0 |
| 2020 | Homeowners | 0.51% | 0 | 0 |
| 2019 | Private Passenger Auto | 0.10% | 0 | 0 |
| 2019 | Homeowners | 0.54% | 0 | 0 |
| 2018 | Private Passenger Auto | 0.11% | 1 | 47 |
| 2018 | Homeowners | 0.56% | 1 | 20 |
Company Changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.