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Company Details
VERLAN FIRE INSURANCE COMPANY License Status :
Active
NAIC Number :
10815
Phone Number:
5088554924
Company Address:
440 Lincoln Street
Worcester, MA 01653
Description:
Property and Casualty
License Number:
B423774
Date Admitted:
2003-07-30
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% | $2,497,335 | $2,328,635 | $124,200 | $214,256 | 9.20 % |
| 2023 | Total Fire & Allied Lines | 0.30% | $2,306,298 | $2,136,505 | $124,200 | $210,543 | 9.85 % |
| 2023 | Commercial Fire & Allied Lines | 0.72% | $2,306,298 | $2,136,505 | $124,200 | $210,543 | 9.85 % |
| 2023 | Inland Marine (Incl Auto Cargo) | 0.00% | $1,495 | $1,414 | $0 | $3,502 | N/A |
| 2023 | Earthquake | 0.03% | $48,604 | $51,429 | $0 | $121 | 0.24 % |
| 2023 | Boiler & Machinery | 0.27% | $123,507 | $121,655 | $0 | $0 | 0.00 % |
| 2023 | Private Flood | 0.26% | $17,431 | $17,632 | $0 | $90 | 0.51 % |
| 2022 | Total Property & Casualty | 0.01% | $2,135,598 | $1,902,774 | $237,171 | $407,765 | 21.43 % |
| 2022 | Total Fire & Allied Lines | 0.40% | $1,943,956 | $1,723,324 | $237,171 | $407,001 | 23.62 % |
| 2022 | Commercial Fire & Allied Lines | 0.61% | $1,943,956 | $1,723,324 | $237,171 | $407,001 | 23.62 % |
| 2022 | Inland Marine (Incl Auto Cargo) | 0.00% | $1,049 | $1,192 | $0 | $937 | 78.61 % |
| 2022 | Earthquake | 0.04% | $54,050 | $54,194 | $0 | $-94 | -0.17 % |
| 2022 | Boiler & Machinery | 0.30% | $116,707 | $105,825 | $0 | $0 | 0.00 % |
| 2022 | Private Flood | 0.28% | $19,836 | $18,239 | $0 | $-79 | -0.43 % |
| 2021 | Total Property & Casualty | 0.01% | $1,798,527 | $1,786,937 | $0 | $1 | 0.00 % |
| 2021 | Total Fire & Allied Lines | 0.25% | $1,620,959 | $1,633,888 | $0 | $1 | 0.00 % |
| 2021 | Commercial Fire & Allied Lines | 0.49% | $1,620,959 | $1,633,888 | $0 | $1 | 0.00 % |
| 2021 | Inland Marine (Incl Auto Cargo) | 0.00% | $1,697 | $1,749 | $0 | $0 | 0.00 % |
| 2021 | Earthquake | 0.04% | $58,337 | $58,401 | $0 | $0 | 0.00 % |
| 2021 | Boiler & Machinery | 0.27% | $100,541 | $88,546 | $0 | $0 | 0.00 % |
| 2021 | Private Flood | 0.21% | $16,993 | $4,353 | $0 | $0 | 0.00 % |
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 |
|---|---|---|---|---|
| 2021 | Homeowners | 0.01% | 0 | 0 |
Company Changes
No recent changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.