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Company Details
PROSELECT INSURANCE COMPANY License Status :
Active
NAIC Number :
10638
Phone Number:
6174289888
Company Address:
ONE FINANCIAL CENTER, 13TH FLOOR
BOSTON, MA 02111-2621
Description:
Property and Casualty
License Number:
B431231
Date Admitted:
2014-03-28
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% | $3,804,673 | $3,731,729 | $869,775 | $936,201 | 25.09 % |
| 2023 | Total Medical Malpractice | 0.54% | $815,085 | $742,141 | $0 | $-187,999 | -25.33 % |
| 2023 | Medical Malpractice - Physicians & Surgeons | 1.00% | $803,864 | $729,993 | $0 | $-227,495 | -31.16 % |
| 2023 | Medical Malpractice - Nurses | 0.60% | $11,221 | $12,148 | $0 | $39,496 | N/A |
| 2023 | Other Liability - Warranty | 11.66% | $2,989,588 | $2,989,588 | $869,775 | $1,124,200 | 37.60 % |
| 2022 | Total Property & Casualty | 0.02% | $2,332,176 | $2,371,648 | $0 | $1,407,299 | 59.34 % |
| 2022 | Total Medical Malpractice | 0.59% | $811,711 | $851,183 | $0 | $416,981 | 48.99 % |
| 2022 | Medical Malpractice - Physicians & Surgeons | 1.09% | $796,873 | $811,125 | $0 | $465,028 | 57.33 % |
| 2022 | Medical Malpractice - Nurses | 0.37% | $14,838 | $40,058 | $0 | $5,253 | 13.11 % |
| 2022 | Medical Malpractice - Hospitals | 0.00% | $0 | $0 | $0 | $-53,300 | N/A |
| 2022 | Other Liability - Warranty | 5.06% | $1,520,465 | $1,520,465 | $0 | $990,318 | 65.13 % |
| 2021 | Total Property & Casualty | 0.01% | $848,865 | $449,687 | $0 | $321,907 | 71.58 % |
| 2021 | Total Medical Malpractice | 0.64% | $848,865 | $449,687 | $0 | $320,881 | 71.36 % |
| 2021 | Medical Malpractice - Physicians & Surgeons | 1.05% | $782,892 | $417,636 | $0 | $248,017 | 59.39 % |
| 2021 | Medical Malpractice - Nurses | 2.03% | $65,973 | $32,051 | $0 | $19,564 | 61.04 % |
| 2021 | Medical Malpractice - Hospitals | 0.00% | $0 | $0 | $0 | $53,300 | N/A |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.00% | $0 | $0 | $0 | $1,026 | 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: 03/31/2014
Comments: Effective 03/31/14 this company was admitted with B2 authority.
Effective Date: 12/11/2017
Comments: Effective 12/11/2017 this company added B1, B3, B4 and B5 authority.
Effective Date: 12/31/2017
Comments: Effective 12/31/2017 MHA Insurance Company merged into Proselect Insurance Company.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.