MCIC VERMONT INC RRG
Major Rating Factors:
Poor long-term capitalization index (0.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (0.9) including weak risk adjusted capital in prior years and weak results on operational trends.
Other Rating Factors:
Fair reserve development (3.9) as reserves have generally been sufficient to cover claims. In 2020, the two year reserve development was 29% deficient. Fair profitability index (3.3) with operating losses during 2022. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (96.0%), other (4.0%)
Licensed in:
CT, DC, FL, MD, MA, NJ, NY, NC, PA, RI, TX, VT, VA
Principal Investments:
Investment grade bonds (29.3%), common stock (28.8%), non investment grade bonds (2.7%), cash (1.4%), preferred stock (0.2%), other (37.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
76 St Paul Street Suite 500
BURLINGTON, VT 05401
BURLINGTON, VT 05401
Phone Number
(802) 652-1571
NAIC Number
10697
Website
Largest Affiliates
No affiliate information available.
