A.M. Best has reaffirmed Palomar Specialty Insurance Company’s (“Palomar Specialty”) financial strength rating of “A-“ (Excellent) and its issuer credit rating of “a-”. The outlook assigned to both ratings is stable. The ratings and outlooks reflect Palomar Specialty’s favorable risk-adjusted capitalization and management’s experience in the residential and commercial earthquake markets.
Palomar Specialty Insurance Company (www.PalomarSpecialty.com) is a recently established catastrophe insurer that focuses on earthquake, hurricane and wind-exposed multi-peril homeowners business in catastrophe-exposed states including California, Oregon, Washington, Texas and Hawaii. The company is an admitted carrier in 17 states.