Electric Insurance Receives a Top Ranking in the New York State Insurance Department's 2005 Annual Ranking of Automobile Insurance Complaints.BEVERLY Beverly, city (1990 pop. 38,195), Essex co., NE Mass., on Massachusetts Bay; inc. as a city 1894. Its chief manufactures are electronic and scientific equipment, consumer goods, and chemicals. , Mass. -- Electric Insurance recently received an impressive 2nd place ranking in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Insurance Department's 2005 Annual Ranking of Automobile Insurance Complaints. Electric Insurance was one of only 2 companies, from a field of 48, to not receive any consumer complaints that were upheld by the New York State Insurance Department in 2004. Auto insurers with written premium totaling at least $10 million were eligible for the 2005 ranking. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the New York State Insurance Department, the ranking is based on the number of complaints consumers filed against their auto insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. in the previous calendar year, how many of those complaints were determined to have merit, and what the trends are in context of the insurer's total premiums written statewide. "World-class world-class adj. 1. Ranking among the foremost in the world; of an international standard of excellence; of the highest order: a world-class figure skater. 2. service, along with delivering competitive rates, have always been Electric Insurance's main priorities," said Mike Mucher, Vice President of Sales at Electric Insurance. "We pride ourselves in listening to our customers and responding to their claim and customer service needs. To be recognized by New York's State Insurance Department via their Annual Ranking is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. and a key foundation element to our planned growth in the State. " About Electric Insurance Electric Insurance is a premier provider of high quality personal lines insurance products--auto, homeowners, and umbrella--offered at competitive rates. Incorporated in 1966 to serve the needs of GE employees, Electric Insurance has since expanded to the general public, through their Independent Agents channel and direct-to-consumer website. Electric Insurance has over $160 million in personal lines written premium for more than 125,000 policyholders. The company holds solid credit ratings from top industry raters, including an "A-/Excellent" from A.M. Best and an "A/Strong" from Standard & Poor's. |
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