B
Canal Ins Co
Rating Date
June 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.60
Risk Adjusted
Capital Ratio #2
1.70
Loss
Ratio
74.99%
Total
Assets
1.30B
Capital
538.58M
Net
Premiums
485.42M
Net
Income
11.78M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1,823
1,632
3,455
47.24%
23.31%
2023
1,796
1,420
3,216
44.15%
22.83%
2022
1,461
1,396
2,857
48.86%
23.10%
2021
1,227
1,253
2,480
50.52%
22.81%
2020
1,157
913
2,070
44.11%
21.51%
2019
1,109
1,090
2,199
49.57%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
2,677
2,873
5,550
51.77%
47.44%
2023
2,291
2,618
4,909
53.33%
47.29%
2022
1,947
2,805
4,752
59.03%
45.44%
2021
1,792
2,492
4,284
58.17%
44.40%
2020
1,699
1,712
3,411
50.19%
42.45%
2019
2,053
1,872
3,925
47.69%
44.33%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
3
3
100.00%
12.20%
2023
0
0
0
0.00%
16.34%
2022
0
0
0
0.00%
11.13%
2021
0
3
3
100.00%
18.93%
2020
0
2
2
100.00%
20.93%
2019
3
2
5
40.00%
16.90%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2022
0
0
0
0.00%
37.14%
2021
0
0
0
0.00%
35.46%
2020
0
0
0
0.00%
33.86%
2019
0
0
0
0.00%
34.01%