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.
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
Grandson Not Covered Under Grandma’s Home Insurance 
Trump Nominates WeatherTech’s MacNeil to Be FTC Commissioner 
Consumer Acceptance of Telematics Widens, Says Survey From This Issue
