PracticeProtection Ins Co (a R
Major Rating Factors:
Vulnerable liquidity (2.2 on a scale of 0 to 10) as a spike in claims may stretch capacity. Weak overall results on stability tests (1.4) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 16.7% of capital. Fair profitability index (4.5) with operating losses during each of the last five years.
Other Rating Factors:
Fair long-term capitalization index (4.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
Practice Protection Inc
Investment Rating
--
Company Address
12276 San Jose Blvd
Jacksonville, FL 32223
Jacksonville, FL 32223
Phone Number
(888) 217-2779
NAIC Number
16189
Largest Affiliates