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Company Details
INDEPENDENCE AMERICAN INSURANCE COMPANY License Status :
Active
NAIC Number :
26581
Phone Number:
212-355-4141
Company Address:
485 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY 10022-5872
Description:
Property and Casualty
License Number:
B420357
Date Admitted:
2006-06-20
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 | 0.01% | $3,232,415 | $3,230,185 | $706,158 | $769,238 | 23.81 % |
| 2019 | Total Individual Accident & Health | 0.01% | $1,058,493 | $1,054,833 | $73,360 | $224,903 | 21.32 % |
| 2019 | Individual Specified Disease | 0.00% | $728 | $728 | $0 | $-184 | -25.27 % |
| 2019 | Individual Accident Only | 0.00% | $106 | $106 | $0 | $23 | 21.70 % |
| 2019 | Individual Dental | 0.03% | $43,673 | $43,673 | $9,861 | $10,005 | 22.91 % |
| 2019 | Individual Limited Benefit | 0.60% | $1,013,986 | $1,010,326 | $63,499 | $215,059 | 21.29 % |
| 2019 | Total Group Accident & Health | 0.01% | $2,173,922 | $2,175,352 | $632,798 | $544,335 | 25.02 % |
| 2019 | Group Limited Benefit | 0.33% | $2,173,922 | $2,175,352 | $632,798 | $544,335 | 25.02 % |
| 2019 | Total Property & Casualty | 0.00% | $599,116 | $594,679 | $251,811 | $283,281 | 47.64 % |
| 2019 | Other Specific | 6.53% | $599,116 | $594,679 | $251,811 | $283,281 | 47.64 % |
| 2018 | Total Accident & Health | 0.01% | $4,078,922 | $4,081,215 | $731,244 | $837,328 | 20.52 % |
| 2018 | Total Individual Accident & Health | 0.00% | $156,046 | $154,454 | $5,839 | $48,345 | 31.30 % |
| 2018 | Individual Specified Disease | 0.00% | $1,122 | $1,122 | $0 | $483 | 43.05 % |
| 2018 | Individual Dental | 0.02% | $26,949 | $26,949 | $4,310 | $7,176 | 26.63 % |
| 2018 | Individual Limited Benefit | 0.09% | $127,975 | $126,383 | $1,529 | $40,686 | 32.19 % |
| 2018 | Total Group Accident & Health | 0.01% | $3,922,876 | $3,926,761 | $725,405 | $788,983 | 20.09 % |
| 2018 | Group Dental | 0.00% | $-9 | $-9 | $0 | $0 | 0.00 % |
| 2018 | Group Limited Benefit | 0.64% | $3,922,885 | $3,926,770 | $725,405 | $788,983 | 20.09 % |
| 2018 | Total Property & Casualty | 0.00% | $293,444 | $289,908 | $137,276 | $143,254 | 49.41 % |
| 2018 | Other Specific | 3.88% | $293,444 | $289,908 | $137,276 | $143,254 | 49.41 % |
| 2017 | Total Accident & Health | 0.00% | $1,807,959 | $1,803,512 | $401,474 | $728,357 | 40.39 % |
| 2017 | Total Individual Accident & Health | 0.00% | $5,256 | $5,256 | $0 | $27 | 0.51 % |
| 2017 | Individual Specified Disease | 0.00% | $470 | $470 | $0 | $27 | 5.74 % |
| 2017 | Individual Dental | 0.00% | $2,700 | $2,700 | $0 | $0 | 0.00 % |
| 2017 | Individual Limited Benefit | 0.00% | $2,086 | $2,086 | $0 | $0 | 0.00 % |
| 2017 | Total Group Accident & Health | 0.00% | $1,802,703 | $1,798,256 | $401,474 | $728,330 | 40.50 % |
| 2017 | Group Dental | 0.00% | $101 | $101 | $0 | $0 | 0.00 % |
| 2017 | Group Limited Benefit | 0.32% | $1,804,631 | $1,800,184 | $157,100 | $485,900 | 26.99 % |
| 2017 | Group Stop Loss | 0.00% | $-2,029 | $-2,029 | $244,374 | $242,430 | -11,948.25 % |
| 2017 | Total Property & Casualty | 0.00% | $219,266 | $219,306 | $140,767 | $140,391 | 64.02 % |
| 2017 | Other Specific | 2.48% | $219,266 | $219,306 | $140,767 | $140,391 | 64.02 % |
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 | Health | 0.03% | 6 | 507 |
| 2018 | Health | 0.02% | 4 | 442 |
| 2017 | Health | 0.01% | 0 | 0 |
Company Changes
Market Conduct
Date: 09/17/2020
Financial Exams
This company does not have any financial exams.