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Company Details
FAIR AMERICAN INSURANCE AND REINSURANCE COMPANY License Status :
Active
NAIC Number :
35157
Phone Number:
2123652000
Company Address:
ONE LIBERTY PLAZA, 165 BROADWAY
NEW YORK, NY 10006
Description:
Property and Casualty
License Number:
B419953
Date Admitted:
1986-04-08
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 |
|---|---|---|---|---|---|---|---|
| 2023 | Total Accident & Health | 0.01% | $1,470,835 | $1,470,835 | $609,482 | $756,459 | 51.43 % |
| 2023 | Total Group Accident & Health | 0.02% | $1,470,835 | $1,470,835 | $609,482 | $756,459 | 51.43 % |
| 2023 | Group Stop Loss | 0.15% | $1,470,835 | $1,470,835 | $609,482 | $756,459 | 51.43 % |
| 2023 | Total Property & Casualty | 0.01% | $1,195,010 | $1,279,934 | $150,000 | $312,389 | 24.41 % |
| 2023 | Total Medical Malpractice | 0.38% | $582,848 | $586,297 | $150,000 | $-19,081 | -3.25 % |
| 2023 | Medical Malpractice - Physicians & Surgeons | 0.73% | $582,848 | $586,297 | $150,000 | $-19,081 | -3.25 % |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.05% | $498,419 | $575,722 | $0 | $315,536 | 54.81 % |
| 2023 | Surety | 0.10% | $113,743 | $117,915 | $0 | $15,934 | 13.51 % |
| 2022 | Total Accident & Health | 0.01% | $1,035,682 | $1,035,682 | $1,181,596 | $1,242,622 | N/A |
| 2022 | Total Group Accident & Health | 0.01% | $1,035,682 | $1,035,682 | $1,181,596 | $1,242,622 | N/A |
| 2022 | Group Stop Loss | 0.12% | $1,035,682 | $1,035,682 | $1,181,596 | $1,242,622 | N/A |
| 2022 | Total Property & Casualty | 0.01% | $1,153,383 | $1,065,974 | $0 | $100,586 | 9.44 % |
| 2022 | Total Medical Malpractice | 0.42% | $582,454 | $600,870 | $0 | $-144,458 | -24.04 % |
| 2022 | Medical Malpractice - Physicians & Surgeons | 0.79% | $582,454 | $600,870 | $0 | $-144,458 | -24.04 % |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.06% | $520,510 | $435,468 | $0 | $256,432 | 58.89 % |
| 2022 | Surety | 0.05% | $50,419 | $29,636 | $0 | $-11,388 | -38.43 % |
| 2021 | Total Accident & Health | 0.01% | $1,044,346 | $1,044,346 | $392,161 | $390,932 | 37.43 % |
| 2021 | Total Individual Accident & Health | 0.02% | $1,044,346 | $1,044,346 | $392,161 | $390,932 | 37.43 % |
| 2021 | Individual Stop Loss | 39.05% | $1,044,346 | $1,044,346 | $392,161 | $390,932 | 37.43 % |
| 2021 | Total Property & Casualty | 0.01% | $1,003,650 | $767,466 | $0 | $46,748 | 6.09 % |
| 2021 | Total Medical Malpractice | 0.46% | $610,901 | $607,178 | $0 | $-19,688 | -3.24 % |
| 2021 | Medical Malpractice - Physicians & Surgeons | 0.82% | $610,901 | $607,178 | $0 | $-19,688 | -3.24 % |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.04% | $364,844 | $116,158 | $0 | $71,059 | 61.17 % |
| 2021 | Surety | 0.03% | $27,905 | $44,130 | $0 | $-4,623 | -10.48 % |
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 |
|---|---|---|---|---|
| 2023 | Health | 0.02% | 0 | 0 |
| 2022 | Health | 0.01% | 0 | 0 |
| 2021 | Health | 0.01% | 0 | 0 |
Company Changes
Effective Date: 01/15/2012
Comments: Effective 1/15/12 in the state of domicile Putnam Reinsurance Company changed its name to the above.
Effective Date: 10/27/2014
Comments: Effective 10/27/14 this company added B4 authority.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.