Palisades P&C Ins Co
Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10). Good overall results on stability tests (6.6) despite excessive premium growth. The largest net exposure for one risk is acceptable at 2.5% of capital. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (93.8%), other (6.2%)
Licensed in:
NJ, NY, PA
Principal Investments:
Investment grade bonds (43.3%), common stock (42.8%), non investment grade bonds (13.9%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
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Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
10100
Website
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Largest Affiliates