Company Details

  ELECTRIC INSURANCE COMPANY License Status :
Active

NAIC Number :

21261


Phone Number:

978-524-5926


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
2020 Total Property & Casualty 0.04% $12,037,227 $12,402,590 $10,388,948 $5,852,716 47.19 %
2020 Total Fire & Allied Lines 0.00% $52,175 $131,314 $49,342 $65,362 49.78 %
2020 Dwelling Fire & Allied Lines 0.01% $52,175 $131,314 $49,342 $65,362 49.78 %
2020 Total Homeowners 0.11% $5,490,419 $5,630,667 $4,235,005 $3,516,936 62.46 %
2020 Homeowners Multi-Peril 0.11% $5,490,419 $5,630,667 $4,235,005 $3,516,936 62.46 %
2020 Ocean Marine 0.00% $1,992 $979 $0 $0 0.00 %
2020 Inland Marine (Incl Auto Cargo) 0.01% $91,813 $94,989 $59,479 $59,479 62.62 %
2020 Earthquake 0.12% $308,115 $313,392 $0 $0 0.00 %
2020 Direct Workers Compensation 0.01% $365,138 $365,138 $199,249 $286,784 78.54 %
2020 Other Liability - Bodily Injury & Property Damage 0.01% $204,031 $208,402 $0 $25,497 12.23 %
2020 Products Liability -0.13% $-122,276 $-122,276 $1,997,359 $-1,827,126 N/A
2020 Total Private Passenger Automobile 0.07% $5,500,421 $5,641,051 $3,828,163 $3,932,336 69.71 %
2020 Private Passenger Auto Liability Bodily Injury 0.07% $1,487,148 $1,530,824 $2,217,687 $2,431,640 N/A
2020 Private Passenger Auto Liability Property Damage 0.06% $875,776 $915,957 $624,005 $471,330 51.46 %
2020 Private Passenger Auto Comprehensive 0.07% $1,091,680 $1,084,384 $506,073 $473,002 43.62 %
2020 Private Passenger Auto Collision 0.09% $2,045,817 $2,109,886 $480,398 $556,364 26.37 %
2020 Total Commercial Automobile 0.01% $126,438 $126,438 $20,351 $-206,552 -163.36 %
2020 Commercial Auto Liability Property Damage 0.05% $126,438 $126,438 $20,351 $-206,552 -163.36 %
2020 Surety 0.01% $18,961 $12,496 $0 $0 0.00 %
2019 Total Property & Casualty 0.05% $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 0.12% $6,028,485 $6,616,240 $3,242,151 $4,584,601 69.29 %
2019 Homeowners Multi-Peril 0.12% $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 0.14% $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 0.08% $6,497,719 $7,026,720 $4,114,177 $4,111,137 58.51 %
2019 Private Passenger Auto Liability Bodily Injury 0.07% $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 0.08% $1,325,787 $1,393,619 $619,131 $645,923 46.35 %
2019 Private Passenger Auto Collision 0.11% $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 %

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 Private Passenger Auto 0.15% 2 80
2020 Homeowners 0.25% 2 102
2019 Private Passenger Auto 0.18% 3 90
2019 Homeowners 0.31% 2 77


Company Changes


Market Conduct

Date: 06/16/2015

ElectricInsuranceCoMC.pdf


Financial Exams

This company does not have any financial exams.