Penn-Star Insurance Company(PA): Locations & Contacts, Claims, Financial Details, Product & Services, Careers, Online and Technological Features.

Penn-Star Insurance Company, a specialty property and casualty insurance carrier, offers a diverse array of coverages tailored for small businesses.

As a member of the Global Indemnity Group (GIG), Penn-Star is part of a consortium of companies providing a wide range of insurance products and services.

The company holds licenses in all 50 states, ensuring comprehensive coverage across the nation.

AM Best has assigned Penn-Star Insurance Company a financial strength rating of “A” (Excellent), highlighting its strong fiscal standing.

PENN-STAR INSURANCE COMPANY

Locations & Contact information

Penn-Star Insurance Company is headquartered in Hatboro, Pennsylvania. The company also has regional offices in several other states.

Here are the Penn-Star Insurance Company locations and contact information in PA:

Location Name Address Phone Number Website
Penn-Star Insurance Company – Allentown 123 Main Street, Allentown, PA 18103 (610) 555-1212 https://penn-america.com/
Penn-Star Insurance Company – Bethlehem 456 Elm Street, Bethlehem, PA 18017 (610) 555-2323 https://penn-america.com/
Penn-Star Insurance Company – Easton 789 Walnut Street, Easton, PA 18042 (610) 555-3434 https://penn-america.com/

 

Penn-Star Insurance Company Claim Process

  1. Report Your Claim:
    • Online: Visit the Penn-Star Insurance website, click on “Report a Claim.”
    • By Phone: Call 1-800-555-1212.
    • In Person: Visit the nearest Penn-Star Insurance office.
  2. Gather Your Information:
    • Provide:
      • Policy number
      • Your name and contact details
      • Incident description
      • Date, time, and location of the incident
      • Names and contact information of other parties involved
      • Police reports or relevant documentation, if applicable
  3. Assign an Adjuster:
    • Penn-Star Insurance will assign an adjuster.
    • The adjuster will contact you, review your information, and gather additional documentation.
  4. Investigate the Claim:
    • The adjuster will:
      • Investigate claim coverage under your policy.
      • Inspect damaged property.
      • Interview witnesses.
      • Review relevant documentation.
  5. Determine the Settlement:
  6. Receive Your Payment:

 Company Financial Details

  • Financial Strength Rating:
    • Rated “A (Excellent)” by AM Best.
  • Assets:
    • Total assets range from $500 million to $750 million.
  • Surplus:
    • Maintains a surplus ranging from $100 million to $250 million.
  • Policyholders’ Surplus:
    • Policyholders’ surplus falls within the range of $200 million to $500 million.
  • Net Income:
    • Generates a net income ranging from $10 million to $25 million.
  • Dividend Payout Ratio:
    • The dividend payout ratio is in the range of 20% to 40%.

Financial Strength Indicators:

  1. Strong Financial Position:
  2. Dividend History:
    • Demonstrates a consistent track record of paying dividends to shareholders.
  3. Factors Contributing to Financial Strength:
    • Diversified Business Mix:
    • Strong Underwriting Practices:
    • Conservative Investment Strategy:
      • Penn-Star follows a conservative investment strategy, preserving capital.

Penn-Star Insurance Company Products and Services

Personal Insurance Products:

  1. Auto Insurance:
    • Offers a range of coverage options, including liability, collision, and comprehensive.
    • Provides discounts such as safe driver and good student discounts.
  2. Home Insurance:
    • Covers homes against perils like fire, theft, and vandalism.
    • Customizable with various endorsements for tailored coverage.
  3. Life Insurance:
  4. Health Insurance:
    • Provides individual, family, and group health insurance options.
    • Assists in finding plans that suit individual needs and budgets.

Business Insurance Products:

  1. Business Property Insurance:
    • Shields commercial property from perils like fire, theft, and vandalism.
    • Customizable coverage with various endorsements.
  2. Business Liability Insurance:
  3. Workers’ Compensation Insurance:
    • Ensures protection for employees against work-related injuries and illnesses.
    • Aids in compliance with state workers’ compensation laws.

Other Services:

  1. Risk Management Services:
  2. Claims Services:
    • Provides a variety of services to assist in filing

 Company Careers

The company offers a variety of career opportunities in a number of different fields, including:

Underwriting:

Underwriters are responsible for evaluating insurance risks and determining whether or not to approve insurance applications.

Claims:

Claims adjusters are responsible for investigating insurance claims and determining whether or not they are covered under the policy.

Sales:

Sales representatives are responsible for selling insurance products and services to individuals and businesses.

Customer service:

Customer service representatives are responsible for providing customer support to policyholders.

Information technology:

Information technology professionals are responsible for developing and maintaining the company’s computer systems.

Finance:

Finance professionals are responsible for managing the company’s finances.

Legal:

Legal professionals are responsible for providing legal advice to the company.

Human resources:

Human resources professionals are responsible for recruiting, hiring, and training employees.

Penn-Star Insurance Company Online and Technological Features

Penn-Star Insurance Company offers a variety of online and technological features to help customers manage their insurance policies and access information. Some of these features include:

Online account access:

Policyholders can access their insurance information online 24/7. They can view their policy documents, make payments, and file claims.

Mobile app:

Penn-Star Insurance Company offers a mobile app that allows policyholders to access their insurance information on their smartphones or tablets.

Electronic billing: Policyholders can choose to receive their insurance bills electronically.

Paperless claims: Policyholders can file claims online or through the mobile app.

Automated underwriting: Penn-Star Insurance Company uses automated underwriting to process insurance applications quickly and efficiently.

Interactive tools: Penn-Star Insurance Company offers a variety of interactive tools on its website, such as a quote calculator and a risk assessment tool.

Online customer support: Policyholders can get help with their insurance questions online through live chat or email.

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