Bifurcated System Resource RRG
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 152.7% of capital. Poor long-term capitalization index (2.8) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability index (9.2).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
100 Brigade Street
Charleston, SC 29403
Charleston, SC 29403
Phone Number
(843) 577-1032
NAIC Number
17369
Website
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