Texas Department of Insurance Logo
333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

RELIANCE INSURANCE COMPANY

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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:  Home State Receivership/Liquidation
License Number:  70000
License Type:  Fire and Casualty (FC)
NAIC Number:  24457
TDI Company Number:  70000
FEIN:  230580680
Home City/State:  PA
Origin:  Foreign
Date Incorporated/Organized:  03/27/1820
Date Licensed/Eligible/Registered in Texas:  01/01/1875
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  3 Parkway
 Philadelphia PA 19102-1376
Office Number:  (215)864-4000
Toll Free Number:  (800)441-1652
Fax Number:  (215)864-4955


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   N/A     N/A     N/A  
Total Liabilities   N/A     N/A     N/A  
Asset to Liability Ratio   N/A     N/A     N/A  
Capital   N/A     N/A     N/A  
Net Surplus   N/A     N/A     N/A  
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   N/A     N/A     N/A  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   N/A     N/A     N/A  
National Premium   N/A     N/A     N/A  


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 11, 2014
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 0 0 0
Homeowner 0 0 0
Automobile 0 0 0
Workers' Compensation 1 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 N/A N/A N/A N/A N/A
Automobile N/A N/A N/A N/A N/A
Workers' Compensation .0000 .0000 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
07-25-2006 EFFECTIVE 09/01/2005 SPECIFIC OPEN DISABILITY CLAIM FILES REINSURED BY MADISON NATIONAL LIFE INSURANCE COMPANY, INC. (50320) MIDDLETON, WISCONSIN.
01-11-2002 EFFECTIVE 10/03/2001 TOTALLY REINSURED BY TRAVELERS CASUALTY AND SURETY COMPANY (00310) HARTFORD, CONNECTICUT
12-20-2001 EFFECTIVE 10/29/2001 CERTAIN ACCIDENT AND HEALTH BUSINESS REINSURED BY COMBINED INSURANCE COMPANY OF AMERICA (18250) CHICAGO, ILLINOIS
11-26-2001 CERTIFICATE OF AUTHORITY SUSPENDED IN ALABAMA.
10-31-2001 CERTIFICATE OF AUTHORITY TEMPORARILY SUSPENDED IN NORTH DAKOTA.
10-22-2001 EFFECTIVE 11/02/2001 CERTIFICATE OF AUTHORITY REVOKED IN HAWAII.
10-08-2001 EFFECTIVE 02/13/2001 RELIANCE NATIONAL INDEMNITY COMPANY (66950) MADISON, WISCONSIN MERGED INTO COMPANY EFFECTIVE 02/13/2001 RELIANCE UNIVERSAL INSURANCE COMPANY (95396) RANCHO CORDOVA, CALIFORNIA MERGED INTO COMPANY EFFECTIVE 02/13/2001 UNITED PACIFIC INSURANCE COMPANY (86650) PHILADELPHIA, PENNSYLVANIA MERGED INTO COMPANY
10-05-2001 DESIGNATED AS AN IMPAIRED INSURER IN TEXAS.
10-03-2001 PLACED IN LIQUIDATION IN PENNSYLVANIA.
EFFECTIVE 02/13/2001 RELIANCE DIRECT INSURANCE COMPANY (94898) VALLEY FORGE, PENNSYLVANIA MERGED INTO COMPANY EFFECTIVE 03/06/2001 RELIANCE SURETY COMPANY (94154) WILMINGTON, DELAWARE MERGED INTO COMPANY EFFECTIVE 03/06/2001 RELIANCE NATIONAL INSURANCE COMPANY (06199) WILMINGTON, DELAWARE MERGED INTO COMPANY
05-29-2001 PLACED IN REHABILITATION IN PENNSYLVANIA.
04-06-2001 EFFECTIVE 02/01/2001 TOTALLY REINSURED RELIANCE LLOYDS (93589) SAN ANTONIO, TEXAS
07-17-2000 PENALTY OF $7,250 FOR FAILURE TO TIMELY FILE RATING DATA IN TEXAS.
10-13-1998 ADDED PREPAID LEGAL SERVICES AND REINSURANCE ON ALL LINES AUTHORIZED TO BE WRITTEN ON A DIRECT BASIS INSURANCE.
01-20-1998 COMPANY, RELIANCE GROUP HOLDINGS, INC. AND RELIANCE FINANCIAL SERVICES CORPORATION, DELAWARE CORPORATIONS, ACQUIRED TITLE INSURANCE COMPANY OF AMERICA (94541) MEMPHIS, TENNESSEE
08-26-1996 PENALTY OF $25,000 FOR ERRORS IN ITS WORKERS' COMPENSATION STATISTICAL REPORTING SYSTEM IN OREGON.
05-26-1994 PENALTY OF $5,750 FOR FAILURE TO TIMELY FILE DATA AND REPORTS WITH THE DEPARTMENT OF INSURANCE IN TEXAS.
08-31-1993 PENALTY OF $49,900 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN FLORIDA.
05-28-1991 PENALTY OF $20,000 FOR COMPANY, UNITED PACIFIC INSURANCE COMPANY AND PLANET INSURANCE COMPANY FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MARYLAND.
08-26-1965 GLOBE EQUITABLE INSURANCE COMPANY (01542) NEW YORK, NEW YORK AND AMERICAN EQUITABLE ASSURANCE COMPANY OF NEW YORK (00124) NEW YORK, NEW YORK MERGED INTO COMPANY
12-31-1963 STANDARD ACCIDENT INSURANCE COMPANY (03808) DETROIT, MICHIGAN MERGED INTO COMPANY
06-30-1962 STANDARD FIRE INSURANCE COMPANY OF NEW JERSEY (03817) TRENTON, NEW JERSEY MERGED INTO COMPANY
01-01-1958 FORMERLY: FIRE ASSOCIATION OF PHILADELPHIA (01346).
01-01-1950 PHILADELPHIA NATIONAL INSURANCE COMPANY (03098) PHILADELPHIA, PENNSYLVANIA AND RELIANCE INSURANCE COMPANY OF PHILADELPHIA (03303) PHILADELPHIA, PENNSYLVANIA MERGED INTO COMPANY
01-01-1875 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President ROBERT C OLSMAN
Secretary LEE H ROUTLEDGE
Treasurer JOSEPH M BOYLE