Insurance UpdateIf you are looking for an insurance company that offers a wide range of products and services, you may have come across Berkshire Hathaway Direct Insurance Company (BHDIC). BHDIC is a subsidiary of Berkshire Hathaway Inc., one of the largest and most respected corporations in the world. BHDIC provides property and casualty insurance for businesses and individuals, as well as reinsurance solutions for other insurers.
But before you decide to buy a policy from BHDIC, you may want to know more about the company and its financial strength. One of the ways to do that is to look up its NAIC number. NAIC stands for National Association of Insurance Commissioners, which is an organization that sets standards and best practices for the insurance industry in the United States. NAIC numbers are assigned to each insurance company by the NAIC to identify them and facilitate regulatory oversight.
What is BHDIC’s NAIC Number?
The National Association of Insurance Commissioners (NAIC) is an organization that sets standards and best practices for the insurance industry in the United States. The NAIC assigns a unique number to each insurance company to identify them and facilitate regulatory oversight. This number is called the NAIC number.
Berkshire Hathaway Direct Insurance Company (BHDIC) is a subsidiary of Berkshire Hathaway Inc., one of the largest and most respected corporations in the world. BHDIC provides property and casualty insurance for businesses and individuals, as well as reinsurance solutions for other insurers.
According to the NAIC website, BHDIC’s NAIC number is 10391. This means that BHDIC is registered and recognized by the NAIC as a legitimate insurance company. By using this number, you can access various information about BHDIC, such as:
- License status: You can check if BHDIC is licensed and authorized to operate in your state by visiting the website of your state’s insurance department and entering the NAIC number in the company search tool.
- Authorized lines of business: You can see what types of insurance products and services BHDIC is allowed to offer in your state by looking at the authorized lines of business section of the company search result.
- Financial statements: You can view the financial reports and statements of BHDIC by visiting the NAIC’s Consumer Information Source (CIS) website and entering the NAIC number in the NAIC number field. You can see the assets, liabilities, income, expenses, and surplus of BHDIC, as well as its solvency ratio and risk-based capital.
- Market conduct reports: You can see how BHDIC complies with the laws and regulations of the insurance industry by visiting the NAIC’s CIS website and entering the NAIC number in the NAIC number field. You can see the results of the market conduct examinations and audits conducted by the NAIC or the state regulators on BHDIC, as well as any corrective actions or sanctions imposed on BHDIC.
- Complaint data: You can see how BHDIC handles and resolves the complaints filed by customers or the public by visiting the NAIC’s CIS website and entering the NAIC number in the NAIC number field. You can see the number, type, and outcome of the complaints, as well as the complaint ratio and index of BHDIC, which measure the relative frequency and severity of the complaints compared to the industry average.
- Ratings: You can see how BHDIC is rated by independent rating agencies, such as A.M. Best, Standard & Poor’s, Moody’s, and Fitch, by visiting the NAIC’s CIS website and entering the NAIC number in the NAIC number field. You can see the financial strength, credit, and outlook ratings of BHDIC, which reflect its ability to meet its obligations and expectations.
By knowing BHDIC’s NAIC number, you can access various information about the company that can help you make an informed and confident decision about your insurance needs.
Why Does BHDIC’s NAIC Number Matter?
Knowing BHDIC’s NAIC number can help you in several ways, such as:
- Verifying that BHDIC is licensed and authorized to operate in your state. You can check the license status and authorized lines of business of BHDIC by visiting the website of your state’s insurance department and entering the NAIC number in the company search tool. For example, if you live in Nevada, you can go to the NAIC website and enter 10391 in the company ID field to see BHDIC’s license status and authorized lines of business in Nevada.
- Comparing BHDIC’s financial strength and performance with other insurance companies. You can access the financial statements and ratings of BHDIC by visiting the NAIC’s Consumer Information Source (CIS) website and entering 10391 in the NAIC number field. You can also compare BHDIC’s financial ratios and scores with the industry averages and benchmarks by using the NAIC’s Financial Regulatory Services (FRS) website and entering 10391 in the company code field.
- Evaluating BHDIC’s customer service and satisfaction. You can view the complaint data and market conduct reports of BHDIC by visiting the NAIC’s CIS website and entering 10391 in the NAIC number field. You can also see how BHDIC responds to consumer inquiries and complaints by visiting the NAIC’s Complaint Database System (CDS) website and entering 10391 in the company code field.
- Finding BHDIC’s contact information and website. You can find the phone number, address, email, and website of BHDIC by visiting the NAIC’s Company Search website and entering 10391 in the NAIC number field.
How to Contact BHDIC for More Information or Claims
If you have any questions, concerns, or feedback about BHDIC’s insurance products and services, you can reach out to them through various channels. Here are some of the ways you can contact BHDIC for more information or claims:
- Phone: You can call BHDIC’s toll-free number at 1-844-472-0967 to speak with a licensed insurance expert or a customer service representative. They are available from Monday to Friday, 8 a.m. to 8 p.m. ET and Saturday, 9 a.m. to 1 p.m. ET. You can also use this number to report a claim or check the status of an existing claim.
- Email: You can send an email to BHDIC at info@biberk.com to request a quote, ask a question, provide feedback, or file a complaint. You can expect a response within 24 hours during business days.
- Address: You can mail your documents, payments, or correspondence to BHDIC at their physical address: 1314 Douglas Street, Omaha, Nebraska 68102, US. Please make sure to include your policy number and contact information in your mail.
- Website: You can visit BHDIC’s website at biberk.com to learn more about their insurance products and services, get a free quote, manage your policy, get a certificate, make a payment, report a claim, or access helpful resources. You can also use their online chat feature to connect with a live agent during business hours.
Conclusion
Berkshire Hathaway Direct Insurance Company is a reputable and reliable insurance company that offers a variety of products and services for businesses and individuals. However, before you buy a policy from BHDIC, you may want to do some research and compare it with other insurance companies. One of the ways to do that is to use its NAIC number, which is 10391. By using this number, you can access various information about BHDIC, such as its license status, authorized lines of business, financial statements, ratings, complaint data, market conduct reports, and contact information. This can help you make an informed and confident decision about your insurance needs
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