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Company Details
CLEAR SPRING PROPERTY AND CASUALTY COMPANY License Status :
Active
NAIC Number :
15563
Phone Number:
3128373700
Company Address:
10555 Group 1001 Way
Zionsville, IN 46077
Description:
Property and Casualty
License Number:
B418188
Date Admitted:
1986-12-01
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 | 0.02% | $2,817,168 | $2,841,943 | $853,423 | $1,584,355 | 55.75 % |
| 2023 | Commercial Multi-Peril | 0.00% | $4,909 | $1,349 | $0 | $0 | 0.00 % |
| 2023 | Direct Workers Compensation | 0.21% | $2,290,635 | $2,347,094 | $819,765 | $1,461,011 | 62.25 % |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.05% | $484,213 | $479,164 | $33,658 | $123,344 | 25.74 % |
| 2023 | Total Commercial Automobile | 0.00% | $37,411 | $14,336 | $0 | $0 | 0.00 % |
| 2023 | Commercial Auto Uninsured Motorists | 0.00% | $538 | $237 | $0 | $0 | 0.00 % |
| 2023 | Commercial Auto Comprehensive | 0.03% | $34,091 | $13,394 | $0 | $0 | 0.00 % |
| 2023 | Commercial Auto Collision | 0.00% | $2,782 | $705 | $0 | $0 | 0.00 % |
| 2022 | Total Property & Casualty | 0.02% | $2,973,233 | $3,327,792 | $2,181,850 | $916,887 | 27.55 % |
| 2022 | Commercial Multi-Peril | -0.09% | $-871,989 | $-671,715 | $-121,722 | $-382,000 | N/A |
| 2022 | Direct Workers Compensation | 0.25% | $2,559,574 | $2,893,075 | $2,096,793 | $748,878 | 25.89 % |
| 2022 | Other Liability - Bodily Injury & Property Damage | 0.15% | $1,285,648 | $1,106,432 | $206,779 | $550,009 | 49.71 % |
| 2021 | Total Property & Casualty | 0.02% | $2,347,495 | $1,997,495 | $1,193,967 | $5,711,690 | N/A |
| 2021 | Commercial Multi-Peril | 0.05% | $428,689 | $405,379 | $96,041 | $230,569 | 56.88 % |
| 2021 | Direct Workers Compensation | 0.20% | $1,918,806 | $1,592,116 | $1,097,926 | $5,481,121 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
This company does not have any complaint information.
Link to Complaint Index PageCompany Changes
Effective Date: 03/01/2004
Comments: Kemper Employers Insurance Co. changed its name toSea Bright Insurance Co.
Effective Date: 12/31/2013
Comments: Effective 12/31/13 Pavonia Insurance Company of Delaware merged with and into SeaBright Insurance Company.
Effective Date: 06/13/2017
Comments: Effective 6/13/2017 this company redomesticated from IL to TX.
Effective Date: 06/22/2018
Comments: Effective 6/22/2018 SeaBright Insurance Company changed its name to Clear Spring Property and Casualty Company.
Effective Date: 12/19/2023
Comments: Effective 12/19/2023 the above company redomesticated from Texas to Indiana and was issued a new Certificate of Authority on 06/18/2024. Company also updated its Statutory Home Office Address.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.