Granite State Auto Insurance Review

Granite State Insurance Company History

Granite State Insurance Company, originally known as The Granite State Fire Insurance Company, is located in New York and was founded in 1885.This insurance company changed their name in September of 1959. Try our FREE quote generator by entering your ZIP.

This particular insurance company is considered a property and casualty based insurance company. Granite State is a subsidiary of the parent company, New Hampshire Insurance Company, which is a fully owned subsidiary of Chartis USA Inc., which is owned by AIG. Chartis USA Inc. is the property and casualty portion of AIG.

Granite State Insurance writes some of New Hampshire Insurance Company’s policies. The Granite State products are provided to consumers under one of the two parent company’s brands, New Hampshire Insurance Company or Chartis USA Inc. Granite State does not have its own separate offices from the parent companies nor its own website.

Available Granite State Insurance Company Policies

Granite State Insurance Company provides consumers with the ability to purchase business and commercial related insurance policies. The majority of policies provided are fire, marine, and casualty insurance policies.

In addition, Granite State writes many different types of auto insurance policies for general liability, professional liability, property insurance, umbrella insurance, and workers compensation insurance. Additional information about these products that are offered by Granite State Insurance can be located on the Chartis USA Inc. website.

Chartis USA Inc., and therefore Granite State Insurance Company do not provide personal auto insurance policies. This portion of the insurance business was sold to the Farmers Insurance Group in 2009.

They do however provide cheap auto insurance for businesses and corporations. These types of policies would insure company vehicles, while holding the business liable for the policy.

Granite State Insurance Company Agents

Granite State works with independent insurance agents to sell their policies. An agent locator tool is available to find local agents for assistance with insurance policy purchases. This tool is located on the Chartis USA Inc. website.

Granite State Insurance Company Financial Overview

Granite State Insurance Company’s parent company, Chartis received an A rating from the A.M. Best. Generally this would indicate that the company is in a financially stable place, however this does not appear to be the case for Chartis.

Chartis has reported a 3% decrease of written net income for the 2010 fiscal year, in comparison with 2009. AIG had originally purchased Chartis to aid in their own financial rebound, but the plan may not be as robust with Chartis having its own fiscal issues.

Granite State made a significant contribution to Chartis for the 2010 fiscal year. Granite State Insurance Company finished the 2010 fiscal year with a working capital of $5 million dollars, a policy surplus of $30 million, and total assets of $35.2 million. These numbers indicate that Granite State is not an insurance company that is currently in the red, but they are by no means large values when compared with other insurance companies.

The treasurer for Granite State Insurance Company is Robert Scott Higgins Schimek, while the acting secretary is Amy Marie Cinquegrana.

This insurance company has an employee range of 50,000 to 75,000 at any given time.

Employment Opportunities at Granite State Insurance Company 

Granite State Insurance Company employee candidates are chosen from the talent pool acquired via Chartis USA Inc. Applications for employment made via the Chartis USA Inc. website will also be considered for openings available within Granite State Insurance Company.

The website on Chartis provides searchable job listings for positions located throughout the United States as well as internationally. This website is open to individuals seeking employment as well as employment agents. The Chartis human resources department handles all associated tasked associated with hiring new employees.

Granite State Insurance Company also occasionally lists employment opportunities on external resources that include job search engines as well as industry specific websites. Take advantage of our FREE quote comparison tool by entering your ZIP.