Company Details

  ELECTRIC INSURANCE COMPANY License Status :
Active

NAIC Number :

21261


Phone Number:

978-921-2080


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
2019 Total Property & Casualty 0.06% $14,092,482 $15,296,578 $7,759,539 $12,032,050 78.66 %
2019 Total Fire & Allied Lines 0.02% $213,322 $239,086 $62,207 $68,729 28.75 %
2019 Dwelling Fire & Allied Lines 0.06% $213,322 $239,086 $62,207 $68,729 28.75 %
2019 Total Homeowners 0.13% $6,028,485 $6,616,240 $3,242,151 $4,584,601 69.29 %
2019 Homeowners Multi-Peril 0.14% $6,028,485 $6,616,240 $3,242,151 $4,584,601 69.29 %
2019 Ocean Marine 0.00% $459 $456 $0 $0 0.00 %
2019 Inland Marine (Incl Auto Cargo) 0.01% $104,572 $116,167 $24,037 $24,037 20.69 %
2019 Earthquake 0.15% $340,387 $374,082 $0 $0 0.00 %
2019 Direct Workers Compensation 0.02% $494,123 $494,123 $218,077 $-931,385 -188.49 %
2019 Other Liability - Bodily Injury & Property Damage 0.01% $231,101 $247,382 $0 $1,701 0.69 %
2019 Products Liability 0.09% $80,984 $80,984 $10,554 $2,373,216 N/A
2019 Total Private Passenger Automobile 0.09% $6,497,719 $7,026,720 $4,114,177 $4,111,137 58.51 %
2019 Private Passenger Auto Liability Bodily Injury 0.08% $1,701,444 $1,881,382 $1,516,609 $1,469,834 78.13 %
2019 Private Passenger Auto Liability Property Damage 0.08% $1,129,571 $1,247,353 $801,044 $855,409 68.58 %
2019 Private Passenger Auto Comprehensive 0.09% $1,325,787 $1,393,619 $619,131 $645,923 46.35 %
2019 Private Passenger Auto Collision 0.12% $2,340,917 $2,504,366 $1,177,393 $1,139,971 45.52 %
2019 Total Commercial Automobile 0.01% $101,230 $101,230 $88,336 $1,800,014 N/A
2019 Commercial Auto Liability Property Damage 0.04% $101,230 $101,230 $88,336 $1,800,014 N/A
2019 Surety 0.00% $100 $108 $0 $0 0.00 %
2018 Total Property & Casualty 0.07% $16,621,009 $18,515,420 $8,982,838 $4,473,160 24.16 %
2018 Total Fire & Allied Lines 0.03% $280,215 $309,105 $201,597 $87,342 28.26 %
2018 Dwelling Fire & Allied Lines 0.08% $280,215 $309,105 $201,597 $87,342 28.26 %
2018 Total Homeowners 0.16% $7,139,107 $8,040,740 $3,930,524 $3,163,662 39.35 %
2018 Homeowners Multi-Peril 0.17% $7,139,107 $8,040,740 $3,930,524 $3,163,662 39.35 %
2018 Ocean Marine 0.00% $451 $451 $0 $0 0.00 %
2018 Inland Marine (Incl Auto Cargo) 0.01% $127,929 $148,703 $13,652 $13,652 9.18 %
2018 Earthquake 0.18% $401,515 $472,451 $0 $0 0.00 %
2018 Direct Workers Compensation 0.03% $651,153 $651,153 $132,950 $-2,601,017 -399.45 %
2018 Other Liability - Bodily Injury & Property Damage 0.02% $264,895 $295,297 $0 $10,510 3.56 %
2018 Products Liability 0.06% $50,587 $50,587 $-7,035 $-121,785 -240.74 %
2018 Total Private Passenger Automobile 0.11% $7,592,423 $8,433,861 $4,706,419 $3,876,131 45.96 %
2018 Private Passenger Auto Liability Bodily Injury 0.11% $2,066,210 $2,341,207 $1,616,185 $956,459 40.85 %
2018 Private Passenger Auto Liability Property Damage 0.09% $1,367,923 $1,529,261 $1,011,918 $885,651 57.91 %
2018 Private Passenger Auto Comprehensive 0.11% $1,464,435 $1,598,486 $708,918 $618,790 38.71 %
2018 Private Passenger Auto Collision 0.14% $2,693,855 $2,964,907 $1,369,398 $1,415,231 47.73 %
2018 Total Commercial Automobile 0.01% $112,534 $112,534 $4,731 $44,665 39.69 %
2018 Commercial Auto Liability Property Damage 0.05% $112,534 $112,534 $4,731 $44,665 39.69 %
2018 Surety 0.00% $200 $538 $0 $0 0.00 %
2017 Total Property & Casualty 0.09% $20,084,072 $20,434,170 $12,140,149 $10,402,616 50.91 %
2017 Total Fire & Allied Lines 0.03% $329,562 $347,373 $175,985 $214,573 61.77 %
2017 Dwelling Fire & Allied Lines 0.10% $329,562 $347,373 $175,985 $214,573 61.77 %
2017 Total Homeowners 0.21% $8,894,336 $9,170,533 $5,373,192 $5,142,428 56.08 %
2017 Homeowners Multi-Peril 0.22% $8,894,336 $9,170,533 $5,373,192 $5,142,428 56.08 %
2017 Ocean Marine 0.00% $451 $454 $0 $0 0.00 %
2017 Inland Marine (Incl Auto Cargo) 0.02% $174,173 $180,094 $33,604 $28,604 15.88 %
2017 Earthquake 0.26% $544,903 $575,435 $1,661 $0 0.00 %
2017 Direct Workers Compensation 0.02% $512,232 $512,232 $121,530 $-1,135,187 -221.62 %
2017 Other Liability - Bodily Injury & Property Damage 0.02% $322,207 $330,018 $0 $-155,176 -47.02 %
2017 Products Liability -0.09% $-78,321 $-78,321 $14,134 $-222,069 N/A
2017 Total Private Passenger Automobile 0.14% $9,216,941 $9,228,892 $6,405,026 $6,527,776 70.73 %
2017 Private Passenger Auto Liability Bodily Injury 0.15% $2,606,093 $2,675,122 $2,024,871 $2,249,469 84.09 %
2017 Private Passenger Auto Liability Property Damage 0.12% $1,676,330 $1,654,002 $1,542,655 $1,297,505 78.45 %
2017 Private Passenger Auto Comprehensive 0.14% $1,722,775 $1,710,203 $1,006,159 $1,223,797 71.56 %
2017 Private Passenger Auto Collision 0.18% $3,211,743 $3,189,565 $1,831,341 $1,757,005 55.09 %
2017 Total Commercial Automobile 0.01% $164,863 $164,863 $15,017 $1,667 1.01 %
2017 Commercial Auto Liability Property Damage 0.07% $164,863 $164,863 $15,017 $1,667 1.01 %
2017 Surety 0.00% $2,725 $2,597 $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
2019 Private Passenger Auto 0.18% 3 90
2019 Homeowners 0.31% 2 77
2018 Private Passenger Auto 0.21% 4 94
2018 Homeowners 0.37% 1 31
2017 Homeowners 0.43% 0 0
2017 Private Passenger Auto 0.25% 3 56


Company Changes

Effective Date: 06/16/2015

Comments:


Market Conduct

Date: 06/16/2015

ElectricInsuranceCoMC.pdf


Financial Exams

This company does not have any financial exams.