|Type of Entity:||Authorized Company (AUTH)|
|Status of TX License:||Active|
|Company Status:||Home State Receivership/Liquidation|
|License Type:||Fire and Casualty (FC)|
|TDI Company Number:||70000|
|Date Licensed/Eligible/Registered in Texas:||01/01/1875|
Philadelphia PA 19102-1376
|Toll Free Number:||(800)441-1652|
To determine if a company uses credit information for private passenger automobile or homeowners insurance.
The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.
|As of:||Dec. 31, 2011||Dec. 31, 2012||Dec. 31, 2013|
|Asset to Liability Ratio||N/A||N/A||N/A|
|Total Life Ins||N/A||N/A||N/A|
|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|
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||Mar 14, 2014|
|Life and Annuity||0||0||0|
|Accident and Health||0||0||0|
|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|
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.
|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.|
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|
|President||ROBERT C OLSMAN|
|Secretary||LEE H ROUTLEDGE|
|Treasurer||JOSEPH M BOYLE|