by anglel » Sun May 08, 2011 10:41 am
The New York State Insurance Department has just released its 2010 Annual Ranking of Auto Insurance Complaints (link deleted as violation of TOU). This ranking is an informative table for use by insurance consumers to determine which insurance companies have the most complaints filed with the Insurance Department for private passenger auto insurance policies. The ranking only lists complaints against the Insurance Department and does not reflect complaints made directly to the insurance companies. The report ranks 181 insurance companies that provide auto insurance coverage in New York State.
Of 6,808 complaints against insurers, only 966 complaints were upheld. The company that had the highest number of complaints upheld against it was Long Island Insurance Company with 265 out of 365 complaints upheld. Many insurers had zero complaints upheld, but Nationwide Mutual Insurance Company made best ranked company of the list because it had zero complaints with the highest average of 2008 and 2009 auto premiums written was the highest at $140.474 million.
This ranking system is based on the number of complaints upheld against each insurance company against the total premium dollars for private passenger auto insurance written within the state of New York. The New York State Insurance Department states that most of the complaints upheld related to the payment of no-fault claims. Other complaints stemmed from an insurance companies failure to renew a policy. The complaint ratio is quite small as compared to the number of premium dollars collected for auto insurance coverage in New York State.
Please do not post material sourced from others as your own without crediting the source.
Of 6,808 complaints against insurers, only 966 complaints were upheld. The company that had the highest number of complaints upheld against it was Long Island Insurance Company with 265 out of 365 complaints upheld. Many insurers had zero complaints upheld, but Nationwide Mutual Insurance Company made best ranked company of the list because it had zero complaints with the highest average of 2008 and 2009 auto premiums written was the highest at $140.474 million.
This ranking system is based on the number of complaints upheld against each insurance company against the total premium dollars for private passenger auto insurance written within the state of New York. The New York State Insurance Department states that most of the complaints upheld related to the payment of no-fault claims. Other complaints stemmed from an insurance companies failure to renew a policy. The complaint ratio is quite small as compared to the number of premium dollars collected for auto insurance coverage in New York State.
Please do not post material sourced from others as your own without crediting the source.
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