B
Fair American Select Ins Co
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
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
2
2
100.00%
22.83%
2022
45
55
100
55.00%
23.10%
2021
45
38
83
45.78%
22.81%
2020
7
15
22
68.18%
21.51%
2019
5
5
10
50.00%
22.66%
Commercial Auto Liability
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
2
2
100.00%
47.29%
2022
32
43
75
57.33%
45.44%
2021
38
37
75
49.33%
44.40%
2020
7
16
23
69.57%
42.45%
2019
3
9
12
75.00%
44.33%
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
2020
0
104
104
100.00%
94.02%
2019
0
86
86
100.00%
94.59%
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
640
640
100.00%
81.44%
2023
0
337
337
100.00%
74.87%
2022
0
263
263
100.00%
72.69%
2021
0
221
221
100.00%
79.01%
2020
0
0
0
0.00%
80.13%
2019
0
0
0
0.00%
77.47%
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
0
121
121
100.00%
12.32%
2023
0
74
74
100.00%
16.34%
2022
0
11
11
100.00%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
0
0
0.00%
20.93%
2019
0
0
0
0.00%
16.90%