Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.1) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 56.9% and 216.1% deficient. Weak profitability index (2.6) with operating losses during 2021, 2022, 2023 and 2025.
Other Rating Factors:
Vulnerable liquidity (0.2) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.0) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 15.2% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (90.0%), other (10.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (77.2%), cash (11.4%), other (11.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
58 East View Lane
Barre, VT 05641
Barre, VT 05641
Phone Number
(802) 479-7802
NAIC Number
11798
Website
Largest Affiliates
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