B
Covington Specialty Ins Co
Atlanta,  GA
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.90
Risk Adjusted
Capital Ratio #2
1.90
Loss
Ratio
47.32%
Total
Assets
170.67M
Capital
62.91M
Net
Premiums
20.55M
Net
Income
1.69M
My Lists My Alerts
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
359
384
743
51.68%
41.75%
2023
363
330
693
47.62%
38.64%
2022
339
346
685
50.51%
39.39%
2021
472
446
918
48.58%
40.41%
2020
434
584
1,018
57.37%
48.09%
2019
459
427
886
48.19%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
15
24
39
61.54%
39.58%
Medical Professional Liability (Claims Made)
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
95.22%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
20
20
100.00%
81.35%
2023
0
0
0
0.00%
74.87%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
37
150
187
80.21%
12.20%
2023
48
158
206
76.70%
16.34%
2022
49
132
181
72.93%
11.13%
2021
63
202
265
76.23%
18.93%
2020
137
243
380
63.95%
20.93%
2019
182
304
486
62.55%
16.90%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
3
3
6
50.00%
64.47%
2023
0
5
5
100.00%
62.55%
2022
0
5
5
100.00%
56.52%
2021
2
9
11
81.82%
62.74%
2020
2
9
11
81.82%
61.51%
2019
13
15
28
53.57%
70.02%