SPINNAKER INSURANCE COMPANY

Company Details

License Status:
Active
NAIC Number:
24376
Phone Number:
8475176000
Company Address:

1 PLUCKEMIN WAY, SUITE 102
BEDMINSTER, NJ 07921

Description:
Property and Casualty
License Number:
B423404
Date Admitted:

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 0.1% $15,309,898 $15,466,321 $13,916,714 $10,922,683 70.62%
2023 Total Homeowners 0.37% $10,934,538 $12,000,607 $12,910,057 $8,590,511 71.58%
2023 Homeowners Multi-Peril 0.38% $10,934,538 $12,000,607 $12,910,057 $8,590,511 71.58%
2023 Commercial Multi-Peril 0.04% $407,062 $140,994 $41,027 $89,326 63.35%
2023 Inland Marine (Incl Auto Cargo) 0.03% $151,191 $122,003 $20,168 $53,108 43.53%
2023 Other Liability - Bodily Injury & Property Damage 0.17% $1,625,802 $1,279,516 $468,425 $1,494,243 116.78%
2023 Total Private Passenger Automobile 0% $154,827 $115,110 $91,538 $109,045 94.73%
2023 Private Passenger Auto Liability Property Damage 0% $8,268 $6,596 $4,954 $4,784 72.53%
2023 Private Passenger Auto Comprehensive 0.01% $146,559 $108,514 $86,584 $104,261 96.08%
2023 Total Commercial Automobile 0.2% $2,033,390 $1,807,077 $385,485 $585,945 32.43%
2023 Commercial Auto Liability Property Damage 1.02% $1,465,900 $1,309,551 $137,791 $282,705 21.59%
2023 Commercial Auto Collision 0.28% $567,490 $497,526 $247,694 $303,240 60.95%
2023 Other Specific 0.04% $3,088 $1,014 $14 $505 49.8%
2022 Total Property & Casualty 0.1% $14,868,255 $13,992,726 $8,492,450 $12,764,871 91.23%
2022 Total Homeowners 0.48% $12,858,295 $13,158,340 $8,384,678 $12,511,640 95.09%
2022 Homeowners Multi-Peril 0.49% $12,858,295 $13,158,340 $8,384,678 $12,511,640 95.09%
2022 Inland Marine (Incl Auto Cargo) 0.01% $75,815 $37,358 $0 $0 0%
2022 Other Liability - Bodily Injury & Property Damage 0.08% $690,623 $312,041 $21,731 $29,159 9.34%
2022 Total Private Passenger Automobile 0% $50,837 $14,681 $0 $7,312 49.81%
2022 Private Passenger Auto Liability Property Damage 0% $2,779 $802 $0 $170 21.2%
2022 Private Passenger Auto Comprehensive 0.01% $48,058 $13,879 $0 $7,142 51.46%
2022 Total Commercial Automobile 0.12% $1,192,685 $470,306 $86,041 $216,760 46.09%
2022 Commercial Auto Liability Property Damage 0.53% $803,348 $318,858 $17,281 $37,554 11.78%
2022 Commercial Auto Comprehensive 0.31% $389,337 $151,448 $68,760 $179,206 118.33%
2021 Total Property & Casualty 0.1% $12,988,877 $10,445,508 $5,900,315 $9,236,209 88.42%
2021 Total Homeowners 0.52% $12,831,398 $10,329,443 $5,897,501 $9,221,408 89.27%
2021 Homeowners Multi-Peril 0.54% $12,831,398 $10,329,443 $5,897,501 $9,221,408 89.27%
2021 Inland Marine (Incl Auto Cargo) 0% $5,320 $2,823 $0 $0 0%
2021 Other Liability - Bodily Injury & Property Damage 0.02% $152,159 $113,242 $2,814 $14,801 13.07%

Complaint Index

Link to Consumer Complaint Index Page
Year Line Market Share Number of Complaints Complaint Index
2023 Private Passenger Auto 0% 0 0
2023 Homeowners 0.39% 11 228
2022 Private Passenger Auto 0% 0 0
2022 Homeowners 0.4% 6 158
2021 Homeowners 0.32% 2 71

Company Changes

Effective Date:
Comments:

USLIFE Credit Life Insurance Co. changed its name to American General Indemnity Co.

Effective Date:
Comments:

American General Indemnity Company changed its name to the above effective 12/09/13.

Effective Date:
Comments:

Effective 11/06/15 Woodridge Insurance Company changed its name to Spinnaker Insuranace Company.

Market Regulation Actions

This company does not have any market regulation actions.

Financial Exams

This company does not have any financial exams.