C
Clear Spring American Ins Co
Rating Date
November 2024
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.80
Risk Adjusted
Capital Ratio #2
0.60
Loss
Ratio
70.57%
Total
Assets
236.57M
Capital
50.72M
Net
Premiums
101.17M
Net
Income
-2.03M
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
2023
198
11
209
5.26%
22.82%
2022
0
0
0
0.00%
23.10%
2021
1,308
698
2,006
34.80%
22.81%
2020
159
157
316
49.68%
21.51%
2019
9
0
9
0.00%
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
2023
54
41
95
43.16%
47.27%
2022
26
20
46
43.48%
45.41%
2021
16
8
24
33.33%
44.40%
Commercial Multiple Peril
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
2023
41
37
78
47.44%
38.64%
2022
16
37
53
69.81%
39.39%
2021
66
19
85
22.35%
40.41%
2020
21
13
34
38.24%
48.09%
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
2023
21
28
49
57.14%
16.34%
2022
30
34
64
53.13%
11.13%
2021
0
0
0
0.00%
18.93%
2020
0
0
0
0.00%
20.93%
Private Passenger 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
2023
163
2,339
2,502
93.49%
44.64%
2022
2,054
2,549
4,603
55.38%
46.15%
2021
1,475
1,747
3,222
54.22%
46.87%
2020
0
0
0
0.00%
43.90%
2019
15
2
17
11.76%
42.09%
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
2023
865
928
1,793
51.76%
35.70%
2022
1,237
762
1,999
38.12%
37.14%
2021
1,307
738
2,045
36.09%
35.46%
2020
903
54
957
5.64%
33.86%
2019
1,044
0
1,044
0.00%
34.01%
2018
1,174
0
1,174
0.00%
32.34%
Weiss Ratings