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.
Intersecting Risks and the Future of Construction Insurance 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
How Insurers Know When It’s Time to Scale AI From This Issue
