AMERICAN ACCESS CASUALTY CO
Major Rating Factors:
A history of deficient reserves (2.4 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 22% and 66%. Vulnerable liquidity (0.9) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.2) including weak results on operational trends. The largest net exposure for one risk is high at 4.9% of capital. Fair long-term capitalization index (4.2) based on fair current risk adjusted capital (moderate loss scenario). Fair profitability index (4.1). Good expense controls. Return on equity has been fair, averaging 12.8% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, AR, GA, IL, IN, IA, KY, MS, NV, OH, OK, OR, RI, SC, TX, UT
Principal Investments:
Investment grade bonds (85.7%), common stock (4.7%), preferred stock (2.5%), real estate (2.3%), other (4.8%)
Corporate Info
Group Affiliation
American Access Group LLC
Investment Rating
Company Address
2211 Butterfield Road Suite 20
DOWNERS GROVE, IL 60515
DOWNERS GROVE, IL 60515
Phone Number
(630) 645-7750
NAIC Number
10730
Website
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