Major Rating Factors:
Weak overall results on stability tests (2.9 on a scale of 0 to 10) including excessive premium growth, weak risk diversification and lack of operational experience. The largest net exposure for one risk is high at 4.1% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.1) with operating losses during 2024 and 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (87.0%), other (13.0%)
Licensed in:
NJ
Principal Investments:
Cash (99.0%), other (1.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
580 High St.
Dedham, MA 02026
Dedham, MA 02026
Phone Number
(617) 379-2350
NAIC Number
17730
Largest Affiliates
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