Mountain Laurel RRG Inc
Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years, weak results on operational trends and excessive premium growth. Fair reserve development (4.5) as the level of reserves has at times been insufficient to cover claims. In 2022 the one year reserve development was 105.2% deficient.
Other Rating Factors:
Good overall profitability index (5.7) despite operating losses during 2022. Good liquidity (6.6) 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.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (96.6%), other (3.4%)
Licensed in:
VT
Principal Investments:
Common stock (80.6%), cash (19.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
463 Mountain View Drive
Burlington, VT 05446
Burlington, VT 05446
Phone Number
(802) 864-5599
NAIC Number
11547
Website
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Largest Affiliates
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