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333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

SAFECO INSURANCE COMPANY OF INDIANA

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Table of Contents
General Info | Contact Info | Types of Insurance | Use of Credit | Attorney for Service | Ratings | Financial Info | Premiums | Complaint Ratios | Company History | Company Officers

General Information:

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Type of Entity:  Authorized Company (AUTH)
Status of TX License:  Active
Company Status:  Normal Operations
License Number:  31930
License Type:  Fire and Casualty (FC)
NAIC Number:  11215
TDI Company Number:  31930
FEIN:  232640501
Home City/State:  IN
Origin:  Foreign
Date Incorporated/Organized:  03/25/1971
Date Licensed/Eligible/Registered in Texas:  09/22/1972
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  175 Berkeley Street
 Boston MA 02116
Office Number:  (617)357-9500
Toll Free Number:  (800)332-3226
Fax Number:  (206)473-6721


Types of Insurance Licensed to Write:

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Use of Credit:

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To determine if a company uses credit information for private passenger automobile or homeowners insurance.


Attorney for Service:

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Rating By Financial Organization:

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The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.



Financial Information:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Total Assets   $33,414,501     $39,947,467     $16,320,219  
Total Liabilities   $19,320,368     $25,581,854     $1,732,625  
Asset to Liability Ratio   1.7     1.5     9.4  
Capital   $3,300,000     $3,300,000     $3,300,000  
Net Surplus   $10,794,133     $11,065,613     $11,287,594  
Total Life Ins   N/A     N/A     N/A  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   N/A     N/A     N/A  
Accident and Health   $0     $0     $0  
Property and Casualty   $181,928,180     $233,688,384     $286,799,704  
Total Texas Premium   $181,928,180     $233,688,384     $286,799,704  
National Premium   $262,197,585     $356,526,786     $643,737,504  


Complaint Information:

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When considering the company's complaint index and ratio, be sure to review the company history information displayed below for recent acquisitions, mergers, or other events that may affect the figures displayed for this company.


  Dec 31, 2012 Dec 31, 2013 Apr 18, 2014
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 0 0 0
Homeowner 17 4 3
Automobile 2 0 0
Workers' Compensation 0 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities N/A N/A N/A N/A N/A
Accident and Health N/A N/A N/A N/A N/A
Homeowner .0084 1.7839 .0018 .5061 N/A
Automobile .0000 .0000 N/A N/A N/A
Workers' Compensation N/A N/A N/A N/A N/A

Confirmed Complaints: the number of confirmed complaints closed against the company for the line of insurance and year indicated. A complaint is confirmed if the department receives information indicating that a company committed any violation of an applicable state insurance law or regulation, a federal requirement the department has authority to enforce or the term or condition of an insurance policy or certificate. A complaint is also confirmed if the complaint and company's response, considered together, suggest that the company was in error or that the complainant had a valid reason for the complaint.

Complaint Ratios: the ratio, expressed as a percentage, is the number of closed confirmed complaints divided by the number of policies the company had in force for the line of insurance and year indicated.

Complaint Index: indicates how a company's ratio of the number of complaints to the number of policyholders compares to the average for all insurers. The index is calculated by dividing the company's percentage of complaints for a specific line of insurance by the company's percentage of the policies in force for the same line of insurance. The average index is 1.00. A number less than 1 indicates fewer complaints than average; a number greater than 1 indicates more complaints than average. For the most recent completed year, a given insurer's index may change over time, as policy count data is received by TDI. This will affect each insurer's percentage of the total.

Complaints against an insurance company are not part of the complaint tally above if the insurance company served only as a Third Party Administrator (TPA), a company hired simply to administer the paperwork of a health plan. Instead, they are included in the complaint record of the insurance company or HMO that hired the TPA. If a bonafide self-insured benefit plan hired the TPA, no complaint numbers are recorded as a part of the company/TPA's profile. Neither are profiles available for self-insured plans, as such plans are regulated under federal law.


Company History:

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Date Event
12-04-2013 FA-Hours: 3
03-04-2013 PENALTY OF $65,000 WITH 9 OTHER COMPANIES FOR VIOLATIONS FOUND DURING A MARKET CONDUCT RE-EXAMINATION IN ILLINOIS.
10-08-2012 PENALTY OF $22,800 FOR EXCEEDING THE PERMISSIBLE NUMBER OF PRIVATE PASSENGER AUTOMOBILE INSURANCE POLICY NON-RENEWALS ALLOWED IN NEW YORK.
06-30-2008 PENALTIES TOTALING $1,283.15 DURING THE PERIOD OF 01/01/2008 THROUGH 06/30/2008 FOR VIOLATIONS IN NEW YORK.
09-10-2002 FORMERLY: SAFECO INSURANCE COMPANY OF PENNSYLVANIA REDOMESTICATED FROM PHILADELPHIA, PENNSYLVANIA TO INDIANAPOLIS, INDIANA BY WAY OF CHARTER AMENDMENT
DELETED ACCIDENT, HEALTH, WORKERS' COMPENSATION & EMPLOYERS' LIABILITY, EMPLOYERS' LIABILITY, FIDELITY & SURETY AND CREDIT INSURANCE.
02-12-1998 PENALTY OF $5,000 FOR FAILURE TO TIMELY RESPOND TO QUARTERLY CALLS IN TEXAS.
10-29-1997 FORMERLY: AMERICAN LOYALTY INSURANCE COMPANY
11-15-1993 REDOMESTICATED FROM MINNETONKA, MINNESOTA TO PHILADELPHIA, PENNSYLVANIA BY WAY OF CHARTER AMENDMENT
07-18-1986 FORMERLY: CENGUARD INSURANCE CORPORATION (03710).
01-13-1984 FORMERLY: JOHN ALDEN INSURANCE COMPANY SAINT LOUIS PARK, MINNESOTA. (04853)
12-14-1978 FORMERLY: GAMBLES INSURANCE COMPANY MINNEAPOLIS, MINNESOTA. (01452)
09-22-1972 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President JAMES P CONDRIN III
Secretary DEXTER R LEGG
Treasurer JAMES P MCKENNEY