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.
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
AM Best Upgrades Credit Ratings of Missouri’s Columbia From This Issue
