Major Rating Factors:
Weak overall results on stability tests (1.6 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is acceptable at 2.1% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.5).
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (9.6) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, IL, KY, OH
Principal Investments:
Investment grade bonds (31.4%), cash (16.2%), other (52.4%)
Corporate Info
Group Affiliation
Clearcover Inc
Investment Rating
--
Company Address
20 E Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(773) 739-8117
NAIC Number
17733
Website
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