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Company Details

  SPINNAKER INSURANCE COMPANY License Status :
Active

NAIC Number :

24376


Phone Number:

8475176000


Company Address:

1 PLUCKEMIN WAY, SUITE 102 
BEDMINSTER, NJ  07921

Description:

Property and Casualty


License Number:

B423404


Date Admitted:

1993-06-04


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 Property & Casualty 0.10% $15,309,898 $15,466,321 $13,916,714 $10,922,683 70.62 %
2023 Total Homeowners 0.37% $10,934,538 $12,000,607 $12,910,057 $8,590,511 71.58 %
2023 Homeowners Multi-Peril 0.38% $10,934,538 $12,000,607 $12,910,057 $8,590,511 71.58 %
2023 Commercial Multi-Peril 0.04% $407,062 $140,994 $41,027 $89,326 63.35 %
2023 Inland Marine (Incl Auto Cargo) 0.03% $151,191 $122,003 $20,168 $53,108 43.53 %
2023 Other Liability - Bodily Injury & Property Damage 0.17% $1,625,802 $1,279,516 $468,425 $1,494,243 N/A
2023 Total Private Passenger Automobile 0.00% $154,827 $115,110 $91,538 $109,045 94.73 %
2023 Private Passenger Auto Liability Property Damage 0.00% $8,268 $6,596 $4,954 $4,784 72.53 %
2023 Private Passenger Auto Comprehensive 0.01% $146,559 $108,514 $86,584 $104,261 96.08 %
2023 Total Commercial Automobile 0.20% $2,033,390 $1,807,077 $385,485 $585,945 32.43 %
2023 Commercial Auto Liability Property Damage 1.02% $1,465,900 $1,309,551 $137,791 $282,705 21.59 %
2023 Commercial Auto Collision 0.28% $567,490 $497,526 $247,694 $303,240 60.95 %
2023 Other Specific 0.04% $3,088 $1,014 $14 $505 49.80 %
2022 Total Property & Casualty 0.10% $14,868,255 $13,992,726 $8,492,450 $12,764,871 91.23 %
2022 Total Homeowners 0.48% $12,858,295 $13,158,340 $8,384,678 $12,511,640 95.09 %
2022 Homeowners Multi-Peril 0.49% $12,858,295 $13,158,340 $8,384,678 $12,511,640 95.09 %
2022 Inland Marine (Incl Auto Cargo) 0.01% $75,815 $37,358 $0 $0 0.00 %
2022 Other Liability - Bodily Injury & Property Damage 0.08% $690,623 $312,041 $21,731 $29,159 9.34 %
2022 Total Private Passenger Automobile 0.00% $50,837 $14,681 $0 $7,312 49.81 %
2022 Private Passenger Auto Liability Property Damage 0.00% $2,779 $802 $0 $170 21.20 %
2022 Private Passenger Auto Comprehensive 0.01% $48,058 $13,879 $0 $7,142 51.46 %
2022 Total Commercial Automobile 0.12% $1,192,685 $470,306 $86,041 $216,760 46.09 %
2022 Commercial Auto Liability Property Damage 0.53% $803,348 $318,858 $17,281 $37,554 11.78 %
2022 Commercial Auto Comprehensive 0.31% $389,337 $151,448 $68,760 $179,206 N/A
2021 Total Property & Casualty 0.10% $12,988,877 $10,445,508 $5,900,315 $9,236,209 88.42 %
2021 Total Homeowners 0.52% $12,831,398 $10,329,443 $5,897,501 $9,221,408 89.27 %
2021 Homeowners Multi-Peril 0.54% $12,831,398 $10,329,443 $5,897,501 $9,221,408 89.27 %
2021 Inland Marine (Incl Auto Cargo) 0.00% $5,320 $2,823 $0 $0 0.00 %
2021 Other Liability - Bodily Injury & Property Damage 0.02% $152,159 $113,242 $2,814 $14,801 13.07 %

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
2023 Private Passenger Auto 0.00% 0 0
2023 Homeowners 0.39% 11 228
2022 Private Passenger Auto 0.00% 0 0
2022 Homeowners 0.40% 6 158
2021 Homeowners 0.32% 2 71


Company Changes

Effective Date: 12/01/1998

Comments: USLIFE Credit Life Insurance Co. changed its name to American General Indemnity Co.

Effective Date: 12/09/2013

Comments: American General Indemnity Company changed its name to the above effective 12/09/13.

Effective Date: 11/06/2015

Comments: Effective 11/06/15 Woodridge Insurance Company changed its name to Spinnaker Insuranace Company.


Market Conduct

This company does not have any market conduct exams or investigations.


Financial Exams

This company does not have any financial exams.