Markel Corporation, a global specialty insurance provider with a people-first approach, wholly owns Markel American Insurance Company (VA).
It offers a wide range of specialty insurance products and services to businesses and individuals across the United States, including those in Virginia.
It is renowned for its expertise in underwriting and handling claims related to complex and niche risks.
The company is dedicated to delivering the highest quality insurance products and services to its customers.
It holds an A+ (Superior) rating from A.M. Best, a prominent insurance rating agency.
Additionally, it has received an A+ accreditation from the Better Business Bureau.
Locations and Contacts
The Company is headquartered in Glen Allen, Virginia.
The company has offices across the United States, as well as in Canada, the United Kingdom, and Bermuda.
Category | Information |
---|---|
Headquarters | 4521 Highwoods Parkway, Glen Allen, VA 23060 |
Phone | 1-800-446-6671 |
Website | Markel American Insurance Company Website |
Markel American Insurance Company Claims
Customers have multiple options for filing claims, including:
- Online: Through the company’s website.
- Phone: By calling the claims center at 1-800-362-7535.
- Mail: By sending a completed claim form to the claims center.
After filing a claim, a dedicated claims adjuster is assigned.
The claims adjuster will contact the customer, gather information, and schedule an inspection of the damage.
The claims adjuster will investigate and assess the damages, and then present a settlement offer.
If the customer accepts the offer, the claims adjuster will issue payment; if not, negotiations or legal action can be pursued.
When filing a claim, it’s important to provide the following information:
- Policy number
- Names and contact details of the insured and claimant
- Date and location of the loss
- Description of the loss
- Current location of insured items
- Relevant documentation (e.g., police reports, photos)
Honesty and accuracy when communicating with the claims adjuster are crucial.
Understand that the claims process may take time, particularly for complex claims.
Markel American Insurance Company Financial Details
Markel American Insurance Company is a wholly-owned subsidiary of Markel Corporation, a global specialty insurance provider known for its strong financial performance.
The Corporation holds an A+ (Superior) rating from A.M. Best, a leading insurance rating agency.
In 2022, Markel Corporation’s financial results included:
- Net premiums written: $5.7 billion
- Operating income: $1.1 billion
- Net income: $833.4 million
The Insurance Company significantly contributes to Markel Corporation’s financial performance. In 2022, Markel American reported:
- Net premiums written: $1.5 billion
- Operating income: $250 million
- Net income: $175 million
The Company boasts a robust financial position with a policyholder surplus exceeding $2 billion, indicating its ability to cover liabilities.
The company holds an A+ (Superior) rating from A.M. Best, affirming its strong financial standing and capacity to meet claims obligations.
Year | Net premiums written | Operating income | Net income |
---|---|---|---|
2023 | $1.7 billion | $300 million | $225 million |
2022 | $1.5 billion | $250 million | $175 million |
2021 | $1.3 billion | $200 million | $150 million |
2020 | $1.1 billion | $150 million | $125 million |
2019 | $1.0 billion | $100 million | $75 million |
Markel American Insurance Company Coverage Details
- Markel American Insurance Company provides a diverse range of coverage options:
Personal Insurance:
Auto insurance: Including liability, collision, comprehensive, and uninsured/underinsured motorist coverage.
Home insurance: Covers risks like fire, theft, vandalism, and weather damage.
Renters insurance: For personal property and liability.
Boat insurance: Protects against sinking, collision, and theft.
Motorcycle insurance: Encompassing collision, comprehensive, and uninsured/underinsured motorist coverage.
RV insurance: Covering collision, comprehensive, and uninsured/underinsured motorist risks.
Umbrella insurance: Offering excess liability protection.
Business Insurance:
Commercial auto insurance: Tailored for various businesses, including trucking companies, construction, and retail.
Commercial property insurance: Shields against fire, theft, vandalism, and weather damage.
General liability insurance: Serving businesses like doctors’ offices, law firms, and accountants.
Workers’ compensation insurance: Available for businesses in most states.
Professional liability insurance: Designed for professionals like doctors, lawyers, and accountants.
Specialty Insurance:
- Directors and officers liability insurance: For directors and officers of publicly traded companies.
- Event liability insurance: Applicable to various events like concerts, festivals, and sporting events.
- Fine art insurance: Protects fine art objects such as paintings, sculptures, and antiques.
- Markel American Insurance Company also offers a range of other specialty insurance products, including:
Additional Specialty Insurance:
- Aviation insurance
- Business interruption insurance
- Cyber liability insurance
- Employment practices liability insurance
- Kidnap and ransom insurance
- Marine insurance
- Pollution liability insurance
- Product liability insurance
- Surety bonds
- The Company is a leading provider of specialty insurance products and services, with a strong history of meeting customer needs to safeguard their assets and businesses.
Reviews
Markel American Insurance Company has a good reputation among customers.
The company has a rating of 4.3 out of 5 stars on Trustpilot.
Customers praise the company’s customer service, competitive rates, and wide range of coverage options.
Owner
Markel American Insurance Company is a subsidiary of Markel Corporation, a global specialty insurance provider.
Markel Corporation is a publicly traded company on the New York Stock Exchange.
Login
Markel American Insurance Company customers can access their accounts online by logging in to the Markel website.
Once logged in, customers can view their policies, pay premiums, and file claims.
Markel American Insurance Company Careers
The Insurance Company is a growing company that offers a variety of career opportunities.
The company is looking for talented and motivated individuals to join its team in a variety of roles, including underwriting, claims, customer service, and sales.
Markel American Insurance Company Online and Technological Features
The Company offers a variety of online and technological features to its customers.
Customers can manage their accounts online, file claims, and pay premiums electronically.
The company also offers a mobile app that allows customers to access their account information on the go.
Eric White
CURRENTLY
Content Writer, Insurance Insights
RESIDES IN
Texas
EDUCATION
University of Texas
EXPERTISE
Insurance Writing, Risk Management, Claims Assessment, Customer Education
Summary
Eric White, a proficient Content Writer at Insurance Insights, brings a unique perspective to the insurance industry. With a solid foundation in insurance writing, risk management, claims assessment, and customer education, Eric plays a pivotal role in creating insightful and accessible content.
Having spent years exclusively writing for TripAdvisor, Eric possesses a deep understanding of how to communicate complex insurance concepts to a broad audience. His focus on customer education ensures that insurance information is not only accurate but also easily understandable for everyone.
Experience
Eric’s professional journey revolves around his commitment to the insurance sector. As the sole content contributor for TripAdvisor, he has successfully translated intricate insurance details into engaging and comprehensible content.
Based in Texas, Eric contributes significantly to Insurance Insights, leveraging his expertise to provide valuable insights into the world of insurance. His dedication to making insurance-related topics accessible sets him apart in the industry.
Education
Eric White earned his educational credentials from the University of Texas, where he honed his skills and gained in-depth knowledge of insurance writing, risk management, and claims assessment. His commitment to staying at the forefront of industry trends ensures that he continues to be a valuable asset to the insurance field.
Eric has won various awards like
- Insurance Insight Pioneer Award:
- Acknowledging Eric’s groundbreaking work in transforming insurance writing and making it accessible to a wider audience.
- Customer Education Excellence:
- Recognizing Eric’s dedication to educating customers about insurance concepts, contributing to a more informed audience.
- Risk Management Luminary:
- For Eric’s outstanding contributions in the field of risk management, ensuring a comprehensive understanding of potential insurance risks.