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
2018 Total Property & Casualty 0.04% $16,621,009 $18,515,420 $8,982,838 $4,473,160 24.16 %
2018 Total Fire & Allied Lines 0.01% $280,215 $309,105 $201,597 $87,342 28.26 %
2018 Dwelling Fire & Allied Lines 0.04% $280,215 $309,105 $201,597 $87,342 28.26 %
2018 Total Homeowners 0.08% $7,139,107 $8,040,740 $3,930,524 $3,163,662 39.35 %
2018 Homeowners Multi-Peril 0.09% $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 0.09% $401,515 $472,451 $0 $0 0.00 %
2018 Direct Workers Compensation 0.01% $651,153 $651,153 $132,950 $-2,601,017 -399.45 %
2018 Other Liability - Bodily Injury & Property Damage 0.01% $264,895 $295,297 $0 $10,510 3.56 %
2018 Products Liability 0.03% $50,587 $50,587 $-7,035 $-121,785 -240.74 %
2018 Total Private Passenger Automobile 0.05% $7,592,423 $8,433,861 $4,706,419 $3,876,131 45.96 %
2018 Private Passenger Auto Liability Bodily Injury 0.06% $2,066,210 $2,341,207 $1,616,185 $956,459 40.85 %
2018 Private Passenger Auto Liability Property Damage 0.05% $1,367,923 $1,529,261 $1,011,918 $885,651 57.91 %
2018 Private Passenger Auto Comprehensive 0.06% $1,464,435 $1,598,486 $708,918 $618,790 38.71 %
2018 Private Passenger Auto Collision 0.08% $2,693,855 $2,964,907 $1,369,398 $1,415,231 47.73 %
2018 Total Commercial Automobile 0.00% $112,534 $112,534 $4,731 $44,665 39.69 %
2018 Commercial Auto Liability Property Damage 0.02% $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 0.22% $8,894,336 $9,170,533 $5,373,192 $5,142,428 56.08 %
2017 Homeowners Multi-Peril 0.23% $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 0.27% $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 0.16% $2,606,093 $2,675,122 $2,024,871 $2,249,469 84.09 %
2017 Private Passenger Auto Liability Property Damage 0.13% $1,676,330 $1,654,002 $1,542,655 $1,297,505 78.45 %
2017 Private Passenger Auto Comprehensive 0.15% $1,722,775 $1,710,203 $1,006,159 $1,223,797 71.56 %
2017 Private Passenger Auto Collision 0.19% $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 %
2016 Total Property & Casualty 0.09% $20,748,825 $21,414,998 $15,311,953 $5,912,758 27.61 %
2016 Total Fire & Allied Lines 0.03% $351,943 $351,631 $156,348 $181,584 51.64 %
2016 Dwelling Fire & Allied Lines 0.10% $351,943 $351,631 $156,348 $181,584 51.64 %
2016 Total Homeowners 0.23% $9,337,904 $9,768,306 $6,336,126 $6,625,292 67.82 %
2016 Homeowners Multi-Peril 0.24% $9,337,904 $9,768,306 $6,336,126 $6,625,292 67.82 %
2016 Ocean Marine 0.00% $458 $585 $0 $0 0.00 %
2016 Inland Marine (Incl Auto Cargo) 0.02% $181,916 $184,460 $59,134 $64,134 34.77 %
2016 Earthquake 0.30% $593,010 $614,539 $0 $0 0.00 %
2016 Direct Workers Compensation 0.03% $791,827 $791,827 $192,945 $-6,863,962 -866.85 %
2016 Other Liability - Bodily Injury & Property Damage 0.02% $334,700 $342,132 $0 $-150,000 -43.84 %
2016 Products Liability 0.12% $90,054 $90,054 $1,689,931 $-846,150 -939.60 %
2016 Total Private Passenger Automobile 0.15% $9,027,486 $9,231,569 $6,868,639 $6,925,941 75.02 %
2016 Private Passenger Auto Liability Bodily Injury 0.18% $2,675,710 $2,780,396 $2,625,758 $2,403,446 86.44 %
2016 Private Passenger Auto Liability Property Damage 0.13% $1,553,291 $1,569,321 $1,296,821 $1,416,147 90.24 %
2016 Private Passenger Auto Comprehensive 0.15% $1,672,888 $1,668,248 $1,272,487 $1,310,422 78.55 %
2016 Private Passenger Auto Collision 0.20% $3,125,597 $3,213,604 $1,673,573 $1,795,926 55.89 %
2016 Total Commercial Automobile 0.00% $38,825 $38,825 $8,830 $-24,081 -62.02 %
2016 Commercial Auto Liability Property Damage 0.02% $38,825 $38,825 $8,830 $-24,081 -62.02 %
2016 Surety 0.00% $702 $1,070 $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
2018 Private Passenger Auto 0.21% 4 94
2018 Homeowners 0.37% 1 31
2017 Private Passenger Auto 0.25% 3 56
2017 Homeowners 0.43% 0 0
2016 Private Passenger Auto 0.28% 3 48
2016 Homeowners 0.47% 0 0


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.