The “BBBpi” FSR on Newport Beach, Calif.-based Sterling Casualty Insurance Co. was affirmed by Standard & Poor’s (S&P). Cited as major rating factors were the company’s high common stock leverage, volatile premium revenues and two-year reserve development ratio. Those factors were offset by the company’s extremely strong capitalization adequacy and good operating performance.
Wholly owned by H&H Agency Inc., Sterling Casualty Insurance Co. is rated on a stand-alone basis. It writes mainly private passenger auto with a specialization in the nonstandard market, and is licensed only in California.
Topics Casualty
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ From This Issue
