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Company Details
CLEARCOVER INSURANCE COMPANY License Status :
Active
NAIC Number :
16524
Phone Number:
7737398117
Company Address:
33 WEST MONROE STREET SUITE 1350
CHICAGO, IL 60603
Description:
Property and Casualty
License Number:
B432064
Date Admitted:
2020-09-22
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 | 0.08% | $13,110,369 | $12,634,711 | $8,987,818 | $10,758,456 | 85.15 % |
| 2023 | Total Private Passenger Automobile | 0.24% | $13,110,369 | $12,634,711 | $8,987,818 | $10,758,456 | 85.15 % |
| 2023 | Private Passenger Auto Liability Bodily Injury | 0.00% | $551 | $119 | $0 | $0 | 0.00 % |
| 2023 | Private Passenger Auto Liability Property Damage | 0.70% | $6,993,708 | $6,827,824 | $3,782,499 | $5,424,056 | 79.44 % |
| 2023 | Private Passenger Auto Comprehensive | 0.54% | $6,116,110 | $5,806,768 | $5,205,319 | $5,334,400 | 91.87 % |
| 2022 | Total Property & Casualty | 0.07% | $10,528,205 | $9,534,440 | $7,124,943 | $8,964,710 | 94.02 % |
| 2022 | Total Private Passenger Automobile | 0.22% | $10,528,205 | $9,534,440 | $7,124,943 | $8,964,710 | 94.02 % |
| 2022 | Private Passenger Auto Liability Bodily Injury | 0.00% | $365 | $248 | $0 | $0 | 0.00 % |
| 2022 | Private Passenger Auto Liability Property Damage | 0.70% | $5,979,564 | $5,479,911 | $2,874,042 | $4,418,259 | 80.63 % |
| 2022 | Private Passenger Auto Comprehensive | 0.49% | $4,548,276 | $4,054,281 | $4,250,901 | $4,546,451 | N/A |
| 2021 | Total Property & Casualty | 0.03% | $3,920,917 | $2,198,985 | $1,002,400 | $2,179,767 | 99.13 % |
| 2021 | Total Private Passenger Automobile | 0.09% | $3,920,917 | $2,198,985 | $1,002,400 | $2,179,767 | 99.13 % |
| 2021 | Private Passenger Auto Liability Property Damage | 0.30% | $2,388,835 | $1,358,743 | $368,944 | $1,438,231 | N/A |
| 2021 | Private Passenger Auto Comprehensive | 0.18% | $1,532,082 | $840,242 | $633,456 | $741,536 | 88.25 % |
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 |
|---|---|---|---|---|
| 2023 | Private Passenger Auto | 0.19% | 4 | 122 |
| 2022 | Private Passenger Auto | 0.11% | 1 | 62 |
| 2021 | Private Passenger Auto | 0.03% | 0 | 0 |
Company Changes
Effective Date: 09/22/2020
Comments: Effective 9/22/2020 the above company was admitted as property and casualty insurer with B1 - Property (379.010.1(1), RSMo) and B2 - Liability (379.010.1(2), RSMo) authority.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.