Indianapolis-based Baldwin & Lyons Inc. reported that A.M. Best has upgraded its financial rating of the company’s subsidiary, Sagamore Insurance Co., from “A” to “A+” (Superior).
Baldwin & Lyons said A.M. Best indicated the ratings upgrade is a reflection of “the company’s superior capitalization, improved operating performance and solid liquidity.” Sagamore, which is licensed in 43 states, provides non-standard private passenger automobile coverage as well as liability, cargo and physical damage coverages for small fleet trucking companies and workers’ compensation coverages for small businesses.
The company’s other subsidiary, Protective Insurance Co., is also rated “A+” (Superior) by A.M. Best. Protective specializes in insurance coverage for the large fleet trucking industry.
Together, Sagamore and Protective comprise the Baldwin & Lyons Group which is also rated “A+” by A.M. Best.
Topics AM Best
Was this article valuable?
Here are more articles you may enjoy.
Powerful El Niño Nears Record Strength, US Forecasters Say 
What If Employer’s Secret Identity Causes Workers’ Comp Claim to Be Filed Late? 
Appeals Court Throws a Wrench into Part of Georgia’s 2025 Tort-Reform Law 
New York Contractor Charged with $160K Workers’ Comp Insurance Fraud From This Issue
