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Company Details
VERLAN FIRE INSURANCE COMPANY License Status :
Active
NAIC Number :
10815
Phone Number:
508-855-4924
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 |
|---|---|---|---|---|---|---|---|
| 2019 | Total Property & Casualty | 0.01% | $1,395,994 | $1,311,902 | $1,491,799 | $-625,346 | -47.67 % |
| 2019 | Total Fire & Allied Lines | 0.11% | $1,259,710 | $1,175,277 | $1,491,799 | $-382,009 | -32.50 % |
| 2019 | Dwelling Fire & Allied Lines | 0.22% | $772,158 | $736,899 | $1,207,718 | $-473,442 | -64.25 % |
| 2019 | Commercial Fire & Allied Lines | 0.13% | $487,552 | $438,378 | $284,081 | $91,433 | 20.86 % |
| 2019 | Inland Marine (Incl Auto Cargo) | 0.00% | $2,202 | $1,815 | $0 | $245 | 13.50 % |
| 2019 | Earthquake | 0.03% | $63,609 | $70,026 | $0 | $6,418 | 9.17 % |
| 2019 | Boiler & Machinery | 0.12% | $70,473 | $64,784 | $0 | $-250,000 | -385.90 % |
| 2018 | Total Property & Casualty | 0.01% | $1,222,802 | $1,189,617 | $9,428,137 | $263,858 | 22.18 % |
| 2018 | Total Fire & Allied Lines | 0.10% | $1,080,722 | $1,048,005 | $9,428,137 | $13,858 | 1.32 % |
| 2018 | Dwelling Fire & Allied Lines | 0.21% | $691,764 | $668,832 | $9,421,375 | $8,627,996 | N/A |
| 2018 | Commercial Fire & Allied Lines | 0.12% | $388,958 | $379,173 | $6,762 | $-8,614,138 | -2,271.82 % |
| 2018 | Inland Marine (Incl Auto Cargo) | 0.00% | $1,388 | $1,554 | $0 | $0 | 0.00 % |
| 2018 | Earthquake | 0.04% | $82,615 | $84,809 | $0 | $0 | 0.00 % |
| 2018 | Boiler & Machinery | 0.11% | $58,077 | $55,249 | $0 | $250,000 | N/A |
| 2017 | Total Property & Casualty | 0.00% | $1,147,193 | $1,159,040 | $1,783,130 | $13,111,723 | N/A |
| 2017 | Total Fire & Allied Lines | 0.09% | $1,006,019 | $1,009,407 | $1,783,130 | $13,111,723 | N/A |
| 2017 | Commercial Fire & Allied Lines | 0.38% | $1,006,019 | $1,009,407 | $1,783,130 | $13,111,723 | N/A |
| 2017 | Inland Marine (Incl Auto Cargo) | 0.00% | $1,725 | $2,350 | $0 | $0 | 0.00 % |
| 2017 | Earthquake | 0.04% | $88,463 | $93,568 | $0 | $0 | 0.00 % |
| 2017 | Boiler & Machinery | 0.09% | $50,986 | $53,715 | $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 |
|---|---|---|---|---|
| 2019 | Homeowners | 0.02% | 0 | 0 |
| 2018 | Homeowners | 0.01% | 0 | 0 |
Company Changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.