Claverack Co-Operative Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.1 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 during the last year. Weak profitability index (0.6) with operating losses during each of the last five years. Weak overall results on stability tests (0.5) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years.
Other Rating Factors:
Fair reserve development (4.5) as reserves have generally been sufficient to cover claims. Fair liquidity (4.1) as cash resources may not be adequate to cover a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (68.1%), homeowners (17.2%), farmowners (4.8%), fire (4.5%), other (5.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (83.5%), cash (12.2%), common stock (0.5%), other (3.8%)
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
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