C
Falls Lake Fire & Casualty Co
Raleigh,  NC
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.90
Risk Adjusted
Capital Ratio #2
0.60
Loss
Ratio
79.03%
Total
Assets
593.02M
Capital
115.69M
Net
Premiums
117.96M
Net
Income
4.29M
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
94
0
94
0.00%
22.82%
2022
73
14
87
16.09%
23.10%
2021
110
24
134
17.91%
22.81%
2020
35
8
43
18.60%
21.51%
2019
16
11
27
40.74%
22.66%
2018
15
6
21
28.57%
21.92%
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
291
28
319
8.78%
47.27%
2022
152
107
259
41.31%
45.41%
2021
167
120
287
41.81%
44.40%
2020
25
29
54
53.70%
42.42%
2019
24
49
73
67.12%
44.33%
2018
68
110
178
61.80%
44.16%
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
13
2
15
13.33%
38.64%
2022
11
4
15
26.67%
39.39%
2021
2
1
3
33.33%
40.41%
2020
4
7
11
63.64%
48.09%
2019
4
4
8
50.00%
43.30%
2018
4
3
7
42.86%
41.13%
Homeowners & Farmowners
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
3
0
3
0.00%
36.96%
2022
2
1
3
33.33%
37.08%
2021
4
1
5
20.00%
39.17%
Medical Professional Liability (Claims Made)
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
0
15
15
100.00%
95.21%
2022
0
6
6
100.00%
96.00%
2021
1
12
13
92.31%
93.58%
2020
0
6
6
100.00%
94.02%
2019
0
6
6
100.00%
94.59%
2018
0
9
9
100.00%
94.39%
Medical Professional 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
0
0
0
0.00%
92.52%
2022
0
0
0
0.00%
92.14%
2021
0
0
0
0.00%
91.74%
2020
0
0
0
0.00%
93.85%
2019
0
1
1
100.00%
93.92%
2018
0
3
3
100.00%
92.98%
Other Liability: Claims Made
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
3
22
25
88.00%
74.81%
2022
4
3
7
42.86%
73.22%
2021
4
16
20
80.00%
79.01%
2020
1
5
6
83.33%
80.13%
2019
0
6
6
100.00%
77.47%
2018
1
7
8
87.50%
77.10%
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
29
188
217
86.64%
16.34%
2022
29
191
220
86.82%
11.13%
2021
31
222
253
87.75%
18.93%
2020
8
79
87
90.80%
20.93%
2019
13
97
110
88.18%
16.90%
2018
8
68
76
89.47%
11.94%
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
0
3
3
100.00%
44.64%
2022
38
31
69
44.93%
46.15%
2021
166
124
290
42.76%
46.87%
2020
54
54
108
50.00%
43.90%
2019
21
120
141
85.11%
42.09%
2018
5
20
25
80.00%
39.60%
Product Liability: Claims Made
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
0
9
9
100.00%
68.07%
2022
0
5
5
100.00%
77.84%
2021
0
4
4
100.00%
84.45%
2020
0
1
1
100.00%
83.02%
2019
0
1
1
100.00%
81.57%
2018
0
1
1
100.00%
88.64%
Product 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
1
5
6
83.33%
62.55%
2022
1
6
7
85.71%
56.52%
2021
2
9
11
81.82%
62.74%
2020
2
15
17
88.24%
61.51%
2019
6
34
40
85.00%
70.02%
2018
3
27
30
90.00%
70.45%
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
250
0
250
0.00%
35.70%
2022
223
14
237
5.91%
37.14%
2021
250
16
266
6.02%
35.46%
2020
88
5
93
5.38%
33.86%
2019
84
23
107
21.50%
34.01%
2018
110
19
129
14.73%
32.34%