Company Details

  WESCO INSURANCE COMPANY License Status :
Active

NAIC Number :

25011


Phone Number:

212-220-7120


Company Address:

59 MAIDEN LANE, 43RD FLOOR 
NEW YORK, NY  10038

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
2019 Total Accident & Health 0.00% $0 $0 $0 $4,696 N/A
2019 Total Group Accident & Health 0.00% $0 $0 $0 $4,696 N/A
2019 Group Accident Only 0.00% $0 $0 $0 $4,696 N/A
2019 Total Property & Casualty 0.19% $48,879,845 $23,472,799 $16,771,762 $17,737,896 75.57 %
2019 Total Fire & Allied Lines 0.00% $7,754 $22,018 $0 $-6,969 -31.65 %
2019 Commercial Fire & Allied Lines 0.00% $7,754 $22,018 $0 $-6,969 -31.65 %
2019 Commercial Multi-Peril 0.02% $430,768 $457,507 $79,301 $47,790 10.45 %
2019 Inland Marine (Incl Auto Cargo) 0.02% $212,434 $86,861 $199,161 $193,403 N/A
2019 Direct Workers Compensation 0.20% $4,942,402 $5,495,680 $2,655,426 $3,432,629 62.46 %
2019 Other Liability - Bodily Injury & Property Damage 0.07% $1,256,790 $1,357,549 $495,544 $-608,909 -44.85 %
2019 Other Liability - Warranty 35.57% $36,614,417 $12,541,852 $11,607,800 $12,048,664 96.07 %
2019 Excess Workers Compensation 0.00% $0 $0 $0 $-391,867 N/A
2019 Products Liability 0.06% $54,619 $56,552 $11,020 $-324,943 -574.59 %
2019 Total Commercial Automobile 0.32% $5,269,230 $3,363,230 $1,732,189 $3,372,451 N/A
2019 Commercial Auto Liability Bodily Injury 0.50% $4,249,809 $2,425,041 $1,257,397 $2,846,819 N/A
2019 Commercial Auto Liability Property Damage 0.09% $223,674 $127,634 $66,179 $149,833 N/A
2019 Commercial Auto Medical Payments 0.10% $22,677 $28,377 $0 $0 0.00 %
2019 Commercial Auto Uninsured Motorists 0.09% $46,350 $59,766 $5,396 $5,758 9.63 %
2019 Commercial Auto Comprehensive 0.10% $203,481 $220,550 $138,761 $132,184 59.93 %
2019 Commercial Auto Collision 0.19% $523,239 $501,862 $264,456 $237,857 47.39 %
2019 Burglary & Theft 0.00% $0 $119 $0 $-770 -647.06 %
2019 Credit Property (Excluding V.S.I.) 0.02% $6,542 $6,542 $-8,679 $-23,583 -360.49 %
2019 Credit Unemployment 4.14% $84,322 $84,322 $0 $0 0.00 %
2019 VSI/Collateral Protection 0.00% $567 $567 $0 $0 0.00 %
2018 Total Property & Casualty 0.14% $33,021,550 $20,567,763 $13,274,855 $9,936,332 48.31 %
2018 Total Fire & Allied Lines 0.01% $59,002 $67,306 $13,288 $-7,811 -11.61 %
2018 Commercial Fire & Allied Lines 0.02% $59,002 $67,306 $13,288 $-7,811 -11.61 %
2018 Commercial Multi-Peril 0.03% $583,415 $502,409 $76,709 $182,480 36.32 %
2018 Inland Marine (Incl Auto Cargo) 0.04% $476,399 $482,579 $198,913 $228,630 47.38 %
2018 Earthquake 0.00% $0 $0 $0 $-23 N/A
2018 Direct Workers Compensation 0.25% $6,249,087 $6,249,120 $5,058,602 $2,029,885 32.48 %
2018 Other Liability - Bodily Injury & Property Damage 0.08% $1,355,700 $1,604,378 $786,773 $93,121 5.80 %
2018 Other Liability - Warranty 25.90% $19,806,022 $7,247,189 $5,241,661 $5,457,724 75.31 %
2018 Excess Workers Compensation 0.00% $0 $0 $0 $-113,832 N/A
2018 Products Liability 0.09% $75,156 $158,903 $0 $147,545 92.85 %
2018 Total Commercial Automobile 0.28% $4,322,474 $4,161,554 $1,863,719 $1,875,023 45.06 %
2018 Commercial Auto Liability Bodily Injury 0.44% $3,349,373 $3,124,618 $1,292,889 $1,684,048 53.90 %
2018 Commercial Auto Medical Payments 0.19% $34,530 $32,548 $13,059 $17,011 52.26 %
2018 Commercial Auto Uninsured Motorists 0.14% $69,059 $97,644 $0 $0 0.00 %
2018 Commercial Auto Comprehensive 0.20% $339,110 $380,832 $184,630 $57,408 15.07 %
2018 Commercial Auto Collision 0.20% $530,402 $525,912 $373,141 $116,556 22.16 %
2018 Burglary & Theft 0.03% $5,583 $5,613 $0 $349 6.22 %
2018 Credit Property (Excluding V.S.I.) 0.35% $88,712 $88,712 $35,190 $43,241 48.74 %
2017 Total Accident & Health 0.00% $0 $0 $0 $-4,696 N/A
2017 Total Group Accident & Health 0.00% $0 $0 $0 $-4,696 N/A
2017 Group Stop Loss 0.00% $0 $0 $0 $-4,696 N/A
2017 Total Property & Casualty 0.08% $18,111,513 $17,199,095 $7,709,219 $13,677,518 79.52 %
2017 Total Fire & Allied Lines 0.01% $58,696 $90,403 $99,001 $-147,263 -162.90 %
2017 Commercial Fire & Allied Lines 0.02% $58,696 $90,403 $99,001 $-147,263 -162.90 %
2017 Commercial Multi-Peril 0.02% $433,318 $345,880 $3,445 $60,949 17.62 %
2017 Inland Marine (Incl Auto Cargo) 0.01% $73,973 $352,555 $168,985 $191,084 54.20 %
2017 Earthquake 0.00% $20 $294 $0 $-281 -95.58 %
2017 Direct Workers Compensation 0.24% $6,098,045 $9,862,157 $3,903,811 $7,174,425 72.75 %
2017 Other Liability - Bodily Injury & Property Damage 0.09% $1,647,543 $1,749,915 $622,892 $1,924,951 N/A
2017 Other Liability - Warranty 8.63% $5,450,471 $706,084 $63,649 $177,636 25.16 %
2017 Excess Workers Compensation 0.49% $595,032 $595,032 $0 $444,506 74.70 %
2017 Products Liability 0.20% $164,082 $147,906 $47,010 $-703 -0.48 %
2017 Total Commercial Automobile 0.25% $3,504,765 $3,262,678 $2,782,540 $3,827,972 N/A
2017 Commercial Auto Liability Bodily Injury 0.34% $2,390,109 $2,332,273 $2,211,634 $2,085,950 89.44 %
2017 Commercial Auto Medical Payments 0.29% $50,405 $49,236 $46,677 $937,168 N/A
2017 Commercial Auto Uninsured Motorists 0.19% $90,722 $88,515 $83,948 $0 0.00 %
2017 Commercial Auto Comprehensive 0.25% $425,067 $346,093 $192,238 $539,252 N/A
2017 Commercial Auto Collision 0.21% $548,462 $446,561 $248,043 $265,602 59.48 %
2017 Burglary & Theft 0.01% $2,263 $2,895 $0 $-3,066 -105.91 %
2017 Credit Property (Excluding V.S.I.) 0.07% $13,329 $13,299 $2,862 $0 0.00 %
2017 Credit Unemployment 0.96% $19,160 $19,171 $4,114 $0 0.00 %
2017 VSI/Collateral Protection 0.29% $50,816 $50,826 $10,910 $27,308 53.73 %

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
2017 Health 0.00% 0 0


Company Changes


Market Conduct

Date: 10/06/2011

WescoInsuranceCompany.pdf

Date: 05/04/2015

WescoInsuranceCoMC.pdf


Financial Exams

This company does not have any financial exams.