West Virginia Offices of the Insurance Commissioner 2009 Annual ...

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2009 Summary of West Virginia Operations of Licensed Insurers by Lines of Business Property Insurance Loss Ratio Premiums Earned Benefits Incurred Exc. LAE Fire $49,994,774 $75,400,867 151% Allied Lines $26,993,550 ($3,004,876) -11% Ocean Marine $3,039,832 $1,402,949 46% Inland Marine $59,096,780 $24,661,547 42% Total Fire & Allied Lines: $139,124,936 $98,460,487 71% Multiple Peril Crop $2,057,381 $910,389 44% Farmowners Multiple Peril $10,733,745 $8,299,131 77% Homeowners Multiple Peril $317,605,719 $217,941,664 69% Commercial Multiple Peril (Non-Liability) $96,017,605 $52,084,843 54% Commercial Multiple Peril (Liability) $59,080,149 $31,450,018 53% Mortgage Guaranty $18,834,653 $19,585,358 104% Total Multiple Peril: $504,329,252 $330,271,403 65% Private Passenger Auto NoFault $174 $3,000,237 1724274% Private Passenger Auto Other Liability $655,091,540 $361,168,337 55% Commercial Auto Nofault $75,408 $18,664 25% Commercial Auto Other Liability $93,050,293 $61,155,034 66% Private Passenger Physical Damage $412,512,189 $244,193,140 59% Commercial Auto Physical Damage $38,116,389 $18,701,982 49% Total Automobile: $1,198,845,993 $688,237,394 57% Financial Guaranty $9,152,427 ($1) 0% Medical Malpractice $52,198,992 $19,076,623 37% Earthquake $791,209 ($9,100) -1% Workers' Compensation $428,339,946 $275,395,370 64% Other Liability $148,292,792 $79,098,564 53% Products Liability $3,847,831 $14,188,304 369% Aircraft (All Perils) $4,020,335 $1,005,753 25% Fidelity $3,918,571 $1,445,538 37% Surety $35,476,978 $4,217,017 12% Federal Flood $13,349,064 $7,995,809 60% Burglary and Theft $425,012 $55,552 13% Boiler and Machinery $6,153,328 $33,286,534 541% Credit $3,896,204 $1,588,612 41% Aggregate Write-ins $4,834,498 $1,993,848 41% Title $19,443,445 $1,110,688 6% Total Other Lines: $734,140,632 $440,449,111 60% Total Property & Title $2,576,440,813 $1,557,418,395 63% Report Total All Lines $7,102,149,209 $5,660,626,621 80% 62
FINANCIAL CONDITIONS DIVISION Companies Licensed/Registered during January 1, 2009 to December 31, 2009 Discount Medical Plans Aetna Life Insurance Company 151 Farmington Avenue RW61 Halloran Hartford, CT 06156 Phone: 508-240-1721 Licensed: 2/23/2009 Avia Dental Plan, Inc. 1025 Main Street, Suite 916 Wheeling, WV 26003 Phone: 304-233-2253 Licensed: 3/4/2009 Coverdell & Company, Inc. 8420 W Bryn Mawr, Suite 700 Chicago, GA 60631 Phone: 773-867-4400 Licensed: 2/20/2009 Medco Health Solutions, Inc. d/b/a Medco Rx Discount Program 100 Parsons Pond Drive Franklin Lakes, DE 07417 Phone: 201-269-5236 Licensed: 2/19/2009 American Dental Professional Services, LLC 9054 North Deerbrook Trail Milwaukee, DE 53223 Phone: 414-203-2590 Licensed: 4/1/2009 CHCS Services, Inc. 411 North Baylen Street Pensacola, FL 32501 Phone: 850-432-1700 EXT. 2510 Licensed: 7/30/2009 Healthtran LLC 8300 E Maplewood Avenue, Suite 100 Greenwood Village, DE 80111 Phone: 720-528-6752 Licensed: 9/3/2009 National Health Partners, Inc. d/b/a Carexpress 120 Gibraltar Road - Suite 107 Horsham, PA 19044 Phone: 215-682-7114 EXT. 102 Licensed: 4/1/2009 New Benefits, Ltd. 14240 Proton Road Dallas, TX 75244 Phone: 972-404-8192 EXT. 1802 Licensed: 2/20/2009 63
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West Virginia Offices of the Insura
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Executive Summary This report to th
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TABLE OF CONTENTS SECTION 1 GENERAL
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Admitted Assets, Liabilities, Commo
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Organizational Chart Virgil Helton,
Page 11 and 12: FEES AND TAXES COLLECTED DURING THE
Page 13 and 14: WEST VIRGINIA OFFICES OF THE INSURA
Page 15 and 16: APPROPRIATED APPROPRIATED EXPENDITU
Page 17 and 18: SECTION 2 DIVISIONAL REPORTS 17
Page 19 and 20: An applicant must be a resident of
Page 21 and 22: Major Activities in 2009 The Plan
Page 23 and 24: Agents Licensing and Education Divi
Page 25: Workers’ Compensation Board of Re
Page 28 and 29: The focused settlement initiative h
Page 30 and 31: October 2008 November 2008 December
Page 32 and 33: Offices of the Insurance Commission
Page 34 and 35: January 2009 February 2009 March 20
Page 36 and 37: Representing Consumers in First and
Page 38 and 39: FIRST PARTY COMPLAINTS HANDLED BY T
Page 40 and 41: CERTIFICATE OF NEED - March 2009 FA
Page 42 and 43: Hospital Rate Review The Office of
Page 44 and 45: Consumer Service Division The Consu
Page 46 and 47: CONSUMER SERVICE COMPLAINTS CALENDA
Page 48 and 49: CONSUMER SERVICE COMPLAINTS CALENDA
Page 50 and 51: Employer Coverage Unit The Employer
Page 52 and 53: Financial Accounting Unit The Finan
Page 54 and 55: Financial Conditions Division The p
Page 56 and 57: FINANCIAL CONDITIONS DIVISION West
Page 58 and 59: FINANCIAL CONDITIONS DIVISION West
Page 60 and 61: WEST VIRGINIA ESSENTIAL PROPERTY IN
Page 64 and 65: American Retirement Life Insurance
Page 66 and 67: ADP Totalsource, Inc. d/b/a ADP Tot
Page 68 and 69: FINANCIAL CONDITIONS DIVISION Merit
Page 70 and 71: FINANCIAL CONDITIONS DIVISION Compa
Page 78 and 79: FINANCIAL CONDITIONS DIVISION Risk
Page 92 and 93: National Health Club Purchasing Gro
Page 100 and 101: FINANCIAL CONDITIONS DIVISION Name
Page 106 and 107: ADA Risk Purchasing Group, Inc. (Am
Page 108 and 109: FINANCIAL CONDITIONS DIVISION Liqui
Page 110 and 111: Office of Inspector General—Fraud
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The following chart depicts statist
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James R. Hiroskey Jr., age 25 of Lo
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Ramona Mack, age 40 of Winfield, pl
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Jennifer Jo & Matthew Nichols, ages
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Senate Bill 284 - Relating to Viati
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Senate Bill 537 - Relating to Worke
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Senate Bill 537 -continued §33-2-2
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House Bill 3047 - Clarifying that t
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114 CSR 42 - Continuing Education f
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09-EO-03 - Emergency Order entered
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DISCIPLINARY ACTIONS Individual Ins
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Market Conduct Unit Four (4) “Agr
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Employer Violator System (EVS) The
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MANAGED HEALTH CARE PLANS: The West
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A Client Reporting process was deve
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Non-Workers’ Compensation Matters
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Rates and Forms Division The Rates
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2009 Filings by Product Commercial
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Approved Rate Change History of Top
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Private Passenger Auto Market Share
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 76.87% $4
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Admitted Assets, Liabilities, Net W
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Domestic Property Insurers Common P
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Admitted Assets, Liabilities, Capit
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Admitted Assets, Liabilities, Capit
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West Virginia Offices of the Insurance Commissioner 2009 Annual ...

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