Claverack Co-Operative Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. Weak profitability index (0.7) with operating losses during 2021, 2022, 2023 and 2024. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (0.8) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
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:
Comm multi (66.5%), homeowners (16.9%), fire (5.0%), farmowners (4.1%), other (7.4%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (43.0%), common stock (0.6%), other (56.4%)
Corporate Info
Group Affiliation
Mid-Hudson Co-Operative Ins Co
Investment Rating
--
Company Address
104A Bracken Road
Montgomery, NY 12549
Montgomery, NY 12549
Phone Number
(845) 457-5001
NAIC Number
43834
Website
Largest Affiliates