Tig Insurance Company Review

Types of Insurance Offered

• Airplane Insurance
• Auto Insurance
• Boat Insurance
• Business Insurance
• Health Insurance
• Home Insurance

Interested in TIG Insurance Company car insurance company? Our TIG Insurance review is one of the most extensive reviews on the internet. Pennsylvania (PA) TIG insurance group has been through a few lawsuits, but do they still provide auto insurance coverage or other insurance services, and is it possible to get affordable TIG Insurance Comapny car insurance?

Before TIG Insurance went through lawsuits and mergers, it had a strong rating with A.M. Best. Today, it has few ratings and you cannot find TIG Insurance Company car insurance rates online, so deciding if TIG insurance company car insurance is for you could prove difficult.

Continue reading our TIG Insurance Company review to learn more about the organization. If you want to compare auto insurance quotes in your local area, enter your ZIP code in the FREE quote tool above.

TIG Insurance Group

The company, TIG Insurance Group, was initially named Transamerica Insurance Group. It was founded in 1911. TIG went public in 1993 after selling 44.2 million shares of stock. Each stock was worth $23.

During this time, Transamerica Insurance Group became TIG Holdings Inc. When TIG’s worth reached a billion dollars, its insurance business moved to Las Colinas, TX, where it became known as TIG Insurance. Co.

In recent years, TIG branched into different insurance products and added insurance subsidiaries such as TIG Specialty Insurance, TIG Indemnity Auto Insurance, and TIG Premier Insurance Company.

However, TIG Insurance Company started to undergo massive financial losses and began merging with other companies such as Ranger Insurance Company and American Safety Indemnity Company. On September 30, 2016, Clearwater Insurance merged with the TIG Insurance Company.

According to its website, TIG insurance company has an office in Columbia, MO, but it’s unclear where all of its locations are located, so, for example, it’s unclear if there is a TIG insurance company office in Michigan.

Check out this video that shows TIG’s persistence to stay in business.

https://youtu.be/6uGBc5P2Ydc

TIG’s parent company, Fairfax Financial Holding Limited, no longer underwrites for the TIG Insurance Co., leaving the company with little no information on how consumers can get policies with the company.

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TIG Insurance Products

You won’t find any insurance coverages from the TIG Insurance Company’s website. However, you can get insurance from their parent company, Fairfax. Fairfax provides several coverage options. Here’s what you can choose.

• Asbestos, Pollution, and Health Hazard
• General Liability Insurance
• Workers’ Compensation
• Employers Liability and Public Liability
• Personal and Commercial Auto
• Marine and Aviation
• Medical Malpractice
• Property Insurance

Fairfax and TIG Insurance don’t report their insurance rates. Therefore, you’ll have to get a quote by contacting one of their agents by phone or email. But why wait? Get a cheap insurance quote from companies in your local area by entering your ZIP code in the FREE comparison tool.

TIG Insurance Group Lawsuits

No insurance company is a stranger to lawsuits or fines. TIG has been in business for a while, but the company has made some costly decisions that left it in financial disarray. According to the National Association of Insurance Commissioners (NAIC), TIG’s Direct Premiums Written is -$3,303.

In 2019, TIG loss $203 million in Net Income.

According to Bloomberg Law, TIG has to pay $25 million stemming from an Exxon Mobil contamination claim. New York’s Southern District ruled that the insurer is responsible for providing coverage based on the rules of its policy.

TIG Insurance Company Ratings

Before TIG Insurance went through a series of lawsuits (including Belt Painting v. TIG Insurance Company) and mergers, it had a strong rating with A.M. Best. TIG Insurance Company had an “A+” rating with A.M. Best, which means the company showed a stable financial outlook and had a superior ability to meet obligations to customers.

Today, TIG has very few ratings. We searched the Better Business Bureau for the company’s profile, but we couldn’t locate anything. Even their parent company’s insurance service, Riverstone Insurance Agency, had little to no ratings.

We did locate some employee reviews. Let’s examine them.

Although TIG Insurance has gone out of business, there were several positive reviews.

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TIG Insurance Company: The Bottom Line

If you’re looking for insurance coverage from TIG Insurance Company, you won’t find it. While the company appears to be providing coverage for businesses and current customers, it’s not likely you’ll get insurance through TIG exclusively.

Things like a TIG insurance company annual report a TIG insurance company claims phone number are hard to find, as well. You’ll probably have to go through Riverstone or another Fairfax subsidiary to get insurance.

There are a lot of affordable insurance companies out there, so if you can’t find TIG Insurance Company car insurance quotes, you can still find cheap insurance right now. Though you can’t buy TIG Insurance Company car insurance, enter your ZIP code in the FREE comparison tool below to find insurance coverage outside of TIG Insurance.

Tig Insurance Company Review Additional Information

Tig Insurance Company Review is a Stock company that was incorporated in 2011-03-08. Tig Insurance Company Review is a Fire & Casualty insurance company and has assets of 1,955,977,905, capital of $4,329,920, and net surplus of $669,649,389.

The president of Tig Insurance Company Review is William John Gillett, the treasurer is , and the secretary is . Tig Insurance Company Review insurance plans include
airplane, auto, boat, business, health, and home.

Tig Insurance Company Review is located in Manchester, NH and the phone number for Tig Insurance Company Review claims, customer, service, and additional information is (603) 656-2200.