Electric Insurance

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Aug 20, 2020

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Company Details
Address: 75 Sam Fonzo Drive
City: Beverly
State: MA
ZIP Code: 01915
Phone Number: 800-342-5342
AM Best Rating: A-
URL where was collected the AM Best Rating: http://www.electricinsurance.com/about_02/industry_ratings.asp?VCF=WX
Lines of Insurance: auto, home
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Mutual; parent is stock
Parent Company: General Electric
Top executive Contact: Marc Meiches
Title of Top executive: CEO
Ticker Symbol: GE
Assets & Premiums: Standard & Poor's rating: A (strong)
Company Rating 2.71 (24 reviews)

Company Overview:

Company History: Founded in 1927, the company was formed to provide GE with Workers’ Compensation insurance in Massachusetts. By the 1950’s, it began providing coverage nationally for GE, and expanded its product offering to include general liability and commercial auto.
Principle Sales Methods: Career agents.

Auto Business: Electric Insurance sells Auto Insurnace only to GE employees, retirees and current customers.
Homeowners Business: Electric Insurance sells Homeowners Insurance only to GE employees, retirees and current customers.

Special Business: Electric Insurance sells only to GE employees, retirees and current customers.


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