Does New Hampshire Insurance Company Still Sell Insurance?
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Asked November 5, 2012
The New Hampshire Insurance Company is a totally owned subsidiary of the Chartis Group. The Chartis Group, in turn, is wholly owned by the insurance giant, the AIG Group. The company headquarters was later moved to New York, and the company was licensed to sell coverage in several Northeastern states. After more than 100 years in the insurance business, New Hampshire Insurance Company was bought out, and sales of policies discontinued under the original company name.
New Hampshire Insurance Company was incorporated in 1862. Before the company was bought out by the Chartis Group, it had accumulated total assets estimated at over $4.5 billion. Today, the company is rated as a subsidiary of the parent company, Chartis. The Chartis Group as a whole is rated as A, "excellent" by the A.M. Best Financial Ratings Company, and enjoys an "a" rating for financial outlook, indicating the company is on firm financial ground.
Products the Company Sold
New Hampshire Insurance Company was a Property and casualty insurer, providing insurance policies to both residents and businesses in the New England region. When the company was bought, existing policies were transferred to another insurance group belonging to Chartis and new insurance policy sales under the New Hampshire Insurance Company brand were brought to a halt.
What Happened to the Company?
As with many smaller insurance companies after the economic downturn of 2008-2009, the New Hampshire Insurance Company was bought out by a larger company and no longer sells insurance quotes. Former customers of the company can contact AIG or the Chartis Group for information regarding old policies or to take out new ones.
Answered November 5, 2012 by Anonymous