Company Details

  ELECTRIC INSURANCE COMPANY License Status :
Active

NAIC Number :

21261


Phone Number:

9785245926


Company Address:

75 Sam Fonzo Drive 
Beverly, MA  01915-1000

Description:

Property and Casualty


License Number:

B423378


Date Admitted:

1972-07-17


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 0.06% $20,201,209 $17,486,616 $11,287,286 $15,142,366 86.59 %
2022 Total Homeowners 0.12% $8,573,198 $7,630,733 $4,655,934 $7,574,160 99.26 %
2022 Homeowners Multi-Peril 0.12% $8,573,198 $7,630,733 $4,655,934 $7,574,160 99.26 %
2022 Ocean Marine 0.00% $452 $452 $0 $0 0.00 %
2022 Inland Marine (Incl Auto Cargo) 0.01% $129,301 $119,089 $16,320 $16,320 13.70 %
2022 Direct Workers Compensation 0.01% $441,729 $441,729 $145,177 $-632,363 -143.16 %
2022 Other Liability - Bodily Injury & Property Damage 0.01% $317,228 $277,757 $0 $2,244 0.81 %
2022 Products Liability 0.05% $59,561 $59,561 $0 $332,502 N/A
2022 Total Private Passenger Automobile 0.10% $10,372,381 $8,668,940 $6,361,206 $8,200,383 94.59 %
2022 Private Passenger Auto Liability Bodily Injury 0.13% $3,599,396 $3,048,296 $1,874,573 $3,610,333 N/A
2022 Private Passenger Auto Liability Property Damage 0.10% $1,740,089 $1,480,956 $1,369,635 $1,391,741 93.98 %
2022 Private Passenger Auto Comprehensive 0.09% $1,916,919 $1,560,769 $1,165,558 $1,219,577 78.14 %
2022 Private Passenger Auto Collision 0.11% $3,115,977 $2,578,919 $1,951,440 $1,978,732 76.73 %
2022 Total Commercial Automobile 0.01% $282,253 $282,253 $108,649 $-350,880 -124.31 %
2022 Commercial Auto Liability Property Damage 0.07% $282,253 $282,253 $108,649 $-350,880 -124.31 %
2022 Surety 0.01% $25,106 $6,102 $0 $0 0.00 %
2021 Total Property & Casualty 0.05% $15,382,938 $13,899,459 $10,172,553 $10,589,112 76.18 %
2021 Total Fire & Allied Lines 0.00% $-4,464 $31,168 $58,597 $36,055 N/A
2021 Dwelling Fire & Allied Lines 0.00% $-4,464 $31,168 $58,597 $36,055 N/A
2021 Total Homeowners 0.10% $6,503,824 $5,925,127 $4,248,800 $4,461,050 75.29 %
2021 Homeowners Multi-Peril 0.10% $6,503,824 $5,925,127 $4,248,800 $4,461,050 75.29 %
2021 Ocean Marine 0.00% $452 $1,468 $0 $0 0.00 %
2021 Inland Marine (Incl Auto Cargo) 0.01% $110,483 $102,509 $88,056 $88,056 85.90 %
2021 Earthquake 0.12% $405,181 $353,466 $0 $0 0.00 %
2021 Direct Workers Compensation 0.01% $371,094 $371,094 $154,746 $142,486 38.40 %
2021 Other Liability - Bodily Injury & Property Damage 0.01% $251,205 $229,782 $0 $-1,435 -0.62 %
2021 Products Liability 0.05% $55,326 $55,326 $-4,776 $-82,710 -149.50 %
2021 Total Private Passenger Automobile 0.07% $7,370,654 $6,503,861 $5,624,038 $5,822,986 89.53 %
2021 Private Passenger Auto Liability Bodily Injury 0.10% $2,611,566 $2,017,251 $2,663,845 $2,728,516 N/A
2021 Private Passenger Auto Liability Property Damage 0.07% $1,276,200 $1,109,796 $719,445 $892,290 80.40 %
2021 Private Passenger Auto Comprehensive 0.07% $1,316,093 $1,278,433 $677,370 $673,844 52.71 %
2021 Private Passenger Auto Collision 0.08% $2,166,795 $2,098,381 $1,563,378 $1,528,336 72.83 %
2021 Total Commercial Automobile 0.01% $319,183 $319,183 $3,092 $122,624 38.42 %
2021 Commercial Auto Liability Property Damage 0.10% $319,183 $319,183 $3,092 $122,624 38.42 %
2021 Surety 0.00% $0 $6,475 $0 $0 0.00 %

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
2022 Homeowners 0.23% 3 134
2022 Private Passenger Auto 0.16% 1 38
2021 Private Passenger Auto 0.14% 0 0
2021 Homeowners 0.23% 3 149


Company Changes


Market Conduct

Date: 06/16/2015

ElectricInsuranceCoMC.pdf


Financial Exams

This company does not have any financial exams.