New Hampshire Insurance Co

C

Capt. Art

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exMember
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Apr 17, 2007
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25924
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Although, I'm currently with Travelers for a few years I have a better quote for New Hampshire? It's only $150. difference but it's better coverage with Half Mill Fuel Spill, extended cruise area & 2 extra weeks in the season. Any negative comments about New Hampshire Insurance?
 
It is a member company of The American International Group, Inc. (AIG) I would never hesitate placing liability coverage there. But personal lines property -----. I am a former AIG manager; long ago. So my sense of what is going on there today may be completely wrong. Good luck.
 
But then again your profile says you're in NY. Now that Eliot Spitzer (D) is the NY Governor and kicked AIG and Maurice R."Hank" Greenberg [past Chairman of AIG] around the block a time or two (when ES was Attorney Gen'l.) AIG may be just the outfit to handle your biz. Again, good luck.

Did any of that make sense?
 
Bliss, Elliot Spitzer is a loose Cannon who thinks he can intimidate people he disagrees with? Looking at unlimited state resources it takes more courage then brains to stand your ground. I've looked down that gun barrel, it's no fun & very expensive. Still, how this help me pick an insurance company I have no idea?
 
I would contact the insurance agent from whom got you the quote, if you used an agent, and ask what the New Hampshire's Best Rating (ability to pay claims) and combined loss ratio (how much it pays in claims vs premium taken in) are. Also, how long has it been writing marine policies, and how are they for handling claims. Make sure the New Hampshire you're talking about is the one that is part of AIG or not.

I did a google search for the New Hampshire Insurance Co. and found an Agent who writes business with them. Maybe give them a call and do a little leg work to satisfy yourself.
 
Art
You may want to call the Mott Agency -631.549.boat- I have used them for years and they work hard for your Biz.

I moved to Zurich last year- lower cost better coverage, 800k Fuel Spill, cruise area from Maine to the Fl PanHandle etc...
 
Thanks Guys. I had already checkd the financial strength & it's highly rated. I was just looking to see if the name generated complaints? Customer Service is a major part of any loss & when it's a big loss that's when you see who you're dealing with.
 
New Hampshire Insurance Co is one of the underwriters for SeaInsure.

So far, I have been satisfied with all the conversations I have had with the agents and customer service folks.
 
Update - As I called to cancel my Travelers Policy my agent told me that I had upgraded my coverage (additional floater) & that's why my policy was $150.00 more. Further, My limits were a lot higher for things such as medical, theft, towing & my deductable was much smaller. I decided to just stay with Travelers after all. * I forgot I must have Alzhimers?
 
quote:
Originally posted by Capt. Art

Update - As I called to cancel my Travelers Policy my agent told me that I had upgraded my coverage (additional floater) & that's why my policy was $150.00 more.
Click to expand...

This situation happens more times than I care to count.

Don't feel bad.
 
Mr Buffet is indeed an honorable man.....but he has nothing to do with controlling AIG. Buffet is the Chair of Berkshire-Hathaway which is a very seperate company from AIG.

In fact ex-employees of one of Buffet's companies are being prosecuted as I write this for conspiring to defraud AIG shareholders by selling AIG an alleged sham transactions....which allegedly Buffet was not aware of the details.
 
Riskybusiness, thanks for correction I deleted message. Buffetts insurance co was American Re not the AIG. Thanks.
 
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