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Company Details

  WESCO INSURANCE COMPANY License Status :
Active

NAIC Number :

25011


Phone Number:

2122207120


Company Address:

800 Superior Ave. E. 21st Floor
Cleveland, OH  44114

Description:

Property and Casualty


License Number:

B423406


Date Admitted:

1991-03-26


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 0.13% $20,024,419 $32,112,636 $21,903,719 $25,359,133 78.97 %
2023 Total Fire & Allied Lines 0.00% $25,962 $12,591 $0 $1,742 13.84 %
2023 Commercial Fire & Allied Lines 0.01% $25,962 $12,591 $0 $1,742 13.84 %
2023 Commercial Multi-Peril 0.29% $3,219,831 $3,110,895 $3,897,152 $3,382,748 N/A
2023 Inland Marine (Incl Auto Cargo) 0.03% $162,807 $114,382 $154,760 $85,739 74.96 %
2023 Earthquake 0.00% $3,239 $3,744 $0 $61 1.63 %
2023 Direct Workers Compensation 0.98% $10,525,809 $1,104,636 $5,042,736 $7,195,979 N/A
2023 Other Liability - Bodily Injury & Property Damage 0.24% $2,333,683 $2,639,265 $72,857 $861,021 32.62 %
2023 Other Liability - Warranty 0.19% $48,320 $18,675,427 $8,314,712 $7,685,027 41.15 %
2023 Excess Workers Compensation 0.00% $0 $0 $25,309 $-106,209 N/A
2023 Products Liability 0.00% $1,724 $815 $0 $109,698 N/A
2023 Total Commercial Automobile 0.32% $3,332,851 $5,984,087 $4,149,444 $5,841,089 97.61 %
2023 Commercial Auto Liability Bodily Injury 0.50% $2,570,328 $5,091,658 $3,115,977 $5,032,286 98.83 %
2023 Commercial Auto Medical Payments 0.15% $10,946 $10,972 $10,928 $0 0.00 %
2023 Commercial Auto Uninsured Motorists 0.03% $13,104 $13,127 $0 $17,649 N/A
2023 Commercial Auto Comprehensive 0.19% $231,485 $271,271 $148,364 $114,791 42.32 %
2023 Commercial Auto Collision 0.25% $506,988 $597,059 $874,175 $676,363 N/A
2023 Burglary & Theft 0.01% $682 $334 $0 $51 15.27 %
2023 Boiler & Machinery 0.00% $29 $10 $0 $0 0.00 %
2023 Credit Unemployment 21.05% $369,482 $466,450 $246,749 $302,187 64.78 %
2022 Total Accident & Health 0.00% $101,206 $65,080 $10,187 $-19,236 -29.56 %
2022 Total Individual Accident & Health 0.00% $101,206 $65,080 $10,187 $-19,236 -29.56 %
2022 Individual Accident Only 0.16% $101,206 $65,080 $10,187 $-19,236 -29.56 %
2022 Total Property & Casualty 0.20% $28,384,995 $42,090,537 $22,340,328 $30,258,260 71.89 %
2022 Total Fire & Allied Lines 0.00% $-2,145 $24,170 $0 $-43 -0.18 %
2022 Commercial Fire & Allied Lines 0.00% $-2,145 $24,170 $0 $-43 -0.18 %
2022 Commercial Multi-Peril 0.31% $3,111,878 $2,025,258 $1,162,758 $4,248,319 N/A
2022 Inland Marine (Incl Auto Cargo) 0.07% $355,146 $335,793 $172,067 $201,330 59.96 %
2022 Earthquake 0.00% $5,273 $3,980 $0 $10 0.25 %
2022 Direct Workers Compensation 1.09% $11,274,261 $10,493,982 $3,615,409 $5,190,098 49.46 %
2022 Other Liability - Bodily Injury & Property Damage 0.34% $2,923,265 $3,044,542 $10,566 $896,936 29.46 %
2022 Other Liability - Warranty 11.39% $3,421,808 $18,613,955 $14,209,995 $13,975,379 75.08 %
2022 Excess Workers Compensation 0.00% $0 $0 $445,761 $-131,035 N/A
2022 Products Liability 0.00% $177 $-5,115 $0 $89,524 N/A
2022 Total Commercial Automobile 0.72% $7,065,259 $7,411,631 $2,685,682 $5,693,919 76.82 %
2022 Commercial Auto Liability Bodily Injury 1.23% $5,883,178 $6,242,134 $1,693,927 $4,307,955 69.01 %
2022 Commercial Auto Medical Payments 0.16% $11,682 $11,120 $0 $0 0.00 %
2022 Commercial Auto Uninsured Motorists 0.04% $16,699 $18,427 $0 $0 0.00 %
2022 Commercial Auto Comprehensive 0.28% $352,248 $341,146 $327,758 $458,038 N/A
2022 Commercial Auto Collision 0.44% $801,452 $798,804 $663,997 $927,926 N/A
2022 Credit Unemployment 14.90% $230,073 $142,341 $38,090 $93,823 65.91 %
2021 Total Accident & Health 0.00% $107,117 $70,284 $11,400 $56,035 79.73 %
2021 Total Individual Accident & Health 0.00% $107,117 $70,284 $11,400 $56,035 79.73 %
2021 Individual Accident Only 0.17% $107,117 $70,284 $11,400 $56,035 79.73 %
2021 Total Property & Casualty 0.27% $36,065,066 $46,368,566 $25,433,728 $26,764,770 57.72 %
2021 Total Fire & Allied Lines 0.01% $33,408 $6,860 $0 $-2,268 -33.06 %
2021 Commercial Fire & Allied Lines 0.01% $33,408 $6,860 $0 $-2,268 -33.06 %
2021 Commercial Multi-Peril 0.13% $1,166,925 $850,601 $542,030 $596,005 70.07 %
2021 Inland Marine (Incl Auto Cargo) 0.07% $313,728 $367,096 $217,488 $226,431 61.68 %
2021 Direct Workers Compensation 0.87% $8,488,043 $6,671,098 $2,799,431 $4,732,145 70.94 %
2021 Other Liability - Bodily Injury & Property Damage 0.41% $3,294,011 $2,494,074 $1,180,915 $1,294,598 51.91 %
2021 Other Liability - Warranty 32.70% $15,196,868 $28,410,579 $18,092,274 $18,716,453 65.88 %
2021 Excess Workers Compensation 0.00% $0 $0 $297,090 $1,059,777 N/A
2021 Products Liability 0.00% $1,132 $1,086 $125 $-80,604 -7,422.10 %
2021 Total Commercial Automobile 0.82% $7,423,826 $7,311,885 $2,106,627 $126,088 1.72 %
2021 Commercial Auto Liability Bodily Injury 1.40% $6,432,726 $6,334,598 $2,104,830 $298,404 4.71 %
2021 Commercial Auto Medical Payments 0.18% $12,119 $14,993 $0 $0 0.00 %
2021 Commercial Auto Uninsured Motorists 0.06% $18,672 $19,906 $76 $11 0.06 %
2021 Commercial Auto Comprehensive 0.29% $293,821 $292,634 $144,229 $-14,446,700 -4,936.78 %
2021 Commercial Auto Collision 0.39% $666,488 $649,754 $-142,508 $14,274,373 N/A
2021 Credit Unemployment 7.40% $147,125 $255,287 $197,748 $96,145 37.66 %

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 Health 0.00% 0 0
2022 Health 0.00% 0 0
2021 Health 0.00% 0 0


Company Changes


Market Conduct

Date: 10/06/2011

WescoInsuranceCompany.pdf

Date: 05/04/2015

WescoInsuranceCoMC.pdf

Date: 11/15/2021

WIC1121.pdf


Financial Exams

This company does not have any financial exams.