333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104
GRAMERCY INSURANCE COMPANY
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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:
| Type of Entity: | Authorized Company (AUTH) |
|---|---|
| Status of TX License: | Active |
| Company Status: | Texas Receivership (Permanent) |
| License Number: | 93491 |
| License Type: | Fire and Casualty (FC) |
| NAIC Number: | 43265 |
| TDI Company Number: | 93491 |
| FEIN: | 133002241 |
| Home City/State: | TX |
| Origin: | Domestic |
| Date Incorporated/Organized: | 10/25/1979 |
| Date Licensed/Eligible/Registered in Texas: | 12/17/1979 |
| Date Cancelled/Ineligible/Inactive: |
Contact Information:
| Mailing Address: |
Sdr Ernesto Garza P O Box 2077 San Antonio TX 78297-2077 |
|---|---|
| Office Number: | (210)490-8808 |
| Toll Free Number: | |
| Fax Number: | (210)764-5548 |
Types of Insurance Licensed to Write:
- Accident
- Aircraft Liability
- Aircraft Physical Damage
- Allied Coverages
- Auto Physical Damage
- Automobile Liability
- Boiler & Machinery
- Burglary & Theft
- Credit
- Fidelity & Surety
- Fire
- Forgery
- Glass
- Hail
- Health
- Inland Marine
- Liability Other than Auto
- Livestock
- Ocean Marine
- Rain
- Reinsurance All Lines
Use of Credit:
To determine if a company uses credit information for private passenger automobile or homeowners insurance.
Attorney for Service:
Please refer to Chapter 804 of the Texas Insurance Code (former Texas Insurance Code art. 1.36) for service of process procedures.
Rating By Financial Organization:
The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.
Financial Information:
| As of: | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 |
|---|---|---|---|
| Total Assets | $60,737,626 | N/A | N/A |
| Total Liabilities | $49,401,330 | N/A | N/A |
| Asset to Liability Ratio | 1.2 | N/A | N/A |
| Capital | $3,750,000 | N/A | N/A |
| Net Surplus | $7,586,296 | N/A | N/A |
| Total Life Ins | N/A | N/A | N/A |
Premiums:
| As of: | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 |
|---|---|---|---|
| Life and Annuities | N/A | N/A | N/A |
| Accident and Health | $0 | N/A | N/A |
| Property and Casualty | $17,915,358 | N/A | N/A |
| Total Texas Premium | $17,915,358 | N/A | N/A |
| National Premium | $98,434,208 | N/A | N/A |
Complaint Information:
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 | 10 | 10 | 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 | N/A | N/A | N/A | N/A | N/A | |
| Automobile | .0481 | 5.8198 | .0000 | .0000 | 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:
| Date | Event |
|---|---|
| 10-24-2013 | CERTIFICATE OF AUTHORITY REVOKED IN VIRGINIA. |
| 09-16-2013 | CERTIFICATE OF AUTHORITY REVOKED IN NORTH DAKOTA. |
| 09-04-2013 | CERTIFICATE OF AUTHORITY REVOKED IN NEVADA. |
| 08-26-2013 | TEXAS RECEIVERSHIP (PERMANENT) (PLACED IN PERMANENT RECEIVERSHIP IN TEXAS. CERTIFICATE OF AUTHORITY AND CHARTER NOT CANCELLED.) |
| 05-02-2013 | CERTIFICATE OF AUTHORITY SUSPENDED IN NEBRASKA. |
| 04-15-2013 | CERTIFICATE OF AUTHORITY SUSPENDED IN COLORADO. |
| 04-10-2013 | CERTIFICATE OF AUTHORITY SUSPENDED IN ARKANSAS. |
| 01-23-2013 | CERTIFICATE OF AUTHORITY SUSPENDED FOR 1 YEAR IN IDAHO. |
| 01-22-2013 | CERTIFICATE OF AUTHORITY SUSPENDED IN WASHINGTON. |
| 01-18-2013 | CERTIFICATE OF AUTHORITY SUSPENDED IN IOWA. |
| 01-16-2013 | CERTIFICATE OF AUTHORITY RESTRICTED TO NO NEW OR RENEWAL BUSINESS IN NORTH CAROLINA. |
| 01-14-2013 |
CERTIFICATE OF AUTHORITY SUSPENDED IN ILLINOIS FOR A PERIOD OF TWO (2) YEARS. CERTIFICATE OF AUTHORITY SUSPENDED IN OREGON. |
| 01-12-2013 | CERTIFICATE OF AUTHORITY SUSPENDED IN WYOMING FOR A PERIOD OF ONE (1) YEAR. |
| 12-24-2012 | CERTIFICATE OF AUTHORITY SUSPENDED IN ARIZONA. |
| 12-19-2012 | CERTIFICATE OF AUTHORITY SUSPENDED IN NORTH DAKOTA. |
| 12-04-2012 | RECEIVERSHIP FOR REHAB (PLACED IN RECEIVERSHIP FOR THE PURPOSE OF REHABILITATION IN TEXAS.) |
| 08-03-2012 | PENALTY OF $35,000 FOR VIOLATIONS WITH LOSS CONTROL PROGRAM IN TEXAS. |
| 03-24-2008 | PENALTY OF $50,000 FOR MAKING A LOAN TO ONE OF ITS OFFICERS IN TEXAS. |
| 11-14-2006 | APPROVED ACQUISITION BY TODD M. CAMPBELL, A GEORGIA RESIDENT. |
| 06-25-2004 | ADDED ACCIDENT AND HEALTH INSURANCE. |
| 08-12-2002 | PENALTY OF $35,000 FOR VIOLATIONS INCLUDING FAILURE TO MAINTAIN THE MINIMUM CAPITAL AND SURPLUS REQUIREMENTS AS OF 12/31/2000 AND FAILURE TO FILE A REINSURANCE AGREEMENT IN TEXAS. |
| 08-01-2001 | PENALTY OF $5,000 FOR FAILURE TO TIMELY FILE ITS 2000 ANNUAL STATEMENT IN TEXAS. |
| 08-31-2000 | RELEASE FROM ARTICLE 1.32 ORDER BY CONSENT IN TEXAS. |
| 02-28-2000 | ACQUIRED BY BENCHMARK HOLDINGS, INC., A GEORGIA CORPORATION. |
| 11-18-1999 | PROPOSED ACQUISITION BY SERVICE LLOYDS INSURANCE COMPANY (93872) AUSTIN, TEXAS. PURSUANT TO TEXAS INSURANCE CODE, ARTICLE 21-49-1, SECTION (5)(C)(4), APPLICANT DID NOT COMPLETE ACQUISITION OF CONTROL. |
| 05-29-1998 | AMENDED ARTICLE 1.32 ORDER BY CONSENT IN TEXAS. |
| 05-20-1998 | REDOMESTICATED FROM WILMINGTON, DELAWARE TO DALLAS, TEXAS BY WAY OF CHARTER AMENDMENT |
| 10-07-1997 |
RELEASED FROM ANCILLARY SUPERVISION IN TEXAS. CLOSED RECORDS BECAME OPEN RECORDS. ARTICLE 1.32 ORDER BY CONSENT ISSUED IN TEXAS. |
| 04-21-1997 | PLACED IN ANCILLARY SUPERVISION IN TEXAS. (CLOSED RECORDS) |
| 04-07-1994 | ACQUIRED BY HOLT ENTERPRISES, INC., NEW YORK, NEW YORK. |
| 12-31-1991 | REDOMESTICATED FROM HOUSTON, TEXAS TO WILMINGTON, DELAWARE BY WAY OF CHARTER AMENDMENT |
| 12-07-1990 | DELETED WORKERS' COMPENSATION & EMPLOYERS' LIABILITY INSURANCE. |
| 10-21-1988 | CEASE AND DESIST ORDER CANCELLED IN LOUISIANA. |
| 09-23-1988 | CEASE AND DESIST ORDER IN LOUISIANA. |
| 06-14-1982 | MOVED HOME OFFICE FROM SAN ANTONIO, TEXAS TO HOUSTON, TEXAS. |
| 10-25-1979 | GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS |
Company Officers:
| Title | Name |
|---|---|
| President | JOAN F HAMMER |
| Treasurer | LINDA M TOY |
| Director | ERIN L HAMMER |
| Director | HAYDEN S HAMMER |
| CHIEF OPERATING OFFICER | ANTONIO R BARNER |
| Director | JOAN F HAMMER |
| Director | ALAN R BARKOWITZ |
| Director | ANTONIO R BARNER |