Major Rating Factors:
Poor long-term capitalization index (0.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.6) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 19.9% and 75.7% deficient respectively. Fair profitability index (3.5) with operating losses during 2021 and 2025.
Other Rating Factors:
Fair liquidity (4.2) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (2.9) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
GA, MD, NJ, NY, PA, VA
Principal Investments:
Investment grade bonds (42.5%), cash (24.1%), common stock (11.7%), other (21.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
400 Rella Blvd
Suffern, NY 10901
Suffern, NY 10901
Phone Number
(845) 363-0500
NAIC Number
29998
Website
Largest Affiliates
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