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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 01653-0002
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 |
|---|---|---|---|---|---|---|---|
| 2022 | Total Property & Casualty | 0.01% | $2,135,598 | $1,902,774 | $237,171 | $407,765 | 21.43 % |
| 2022 | Total Fire & Allied Lines | 0.17% | $1,943,956 | $1,723,324 | $237,171 | $407,001 | 23.62 % |
| 2022 | Commercial Fire & Allied Lines | 0.28% | $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 | 0.02% | $54,050 | $54,194 | $0 | $-94 | -0.17 % |
| 2022 | Boiler & Machinery | 0.13% | $116,707 | $105,825 | $0 | $0 | 0.00 % |
| 2022 | Private Flood | 0.10% | $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 | 0.10% | $1,620,959 | $1,633,888 | $0 | $1 | 0.00 % |
| 2021 | Commercial Fire & Allied Lines | 0.26% | $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 | 0.02% | $58,337 | $58,401 | $0 | $0 | 0.00 % |
| 2021 | Boiler & Machinery | 0.11% | $100,541 | $88,546 | $0 | $0 | 0.00 % |
| 2021 | Private Flood | 0.08% | $16,993 | $4,353 | $0 | $0 | 0.00 % |
| 2020 | Total Property & Casualty | 0.01% | $1,557,597 | $1,496,351 | $366,173 | $90,385 | 6.04 % |
| 2020 | Total Fire & Allied Lines | 0.10% | $1,423,209 | $1,362,296 | $366,173 | $97,048 | 7.12 % |
| 2020 | Commercial Fire & Allied Lines | 0.28% | $1,423,209 | $1,362,296 | $366,173 | $97,048 | 7.12 % |
| 2020 | Inland Marine (Incl Auto Cargo) | 0.00% | $1,708 | $1,932 | $0 | $-245 | -12.68 % |
| 2020 | Earthquake | 0.02% | $63,653 | $63,732 | $0 | $-6,418 | -10.07 % |
| 2020 | Boiler & Machinery | 0.09% | $69,027 | $68,391 | $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 |
| 2020 | Homeowners | 0.02% | 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.