With the search tool on AM Best’s website, I see a few old references to ATIC being non-rated.
Google isn’t turning up a rating either.
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Thanks. I didn’t have any luck either. With $700m in losses, I think there’ll be a rating somewhere (probably not a good one). I was just wondering how low the regulators were prepared to let them go.
From NYT -
Almost from the beginning, the company had financial problems. State regulators flagged its reserves as inadequate in 1979, and later found increasing levels of insolvency in eight examinations that were conducted between 1987 and 2020.
Companies have to pay to get AMBest ratings, as far as I know.
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On another auto topic, if a stolen truck hits a car,who pays the insurance? The hit car’s uninsured motorist or the stolen cars insurance?
Insurance generally follows the vehicle, so the stolen truck’s insurance is primary. They could subrogate/sue the thief presumably though.
ETA: this will vary by state, particularly if no-fault.
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I think insurance only follows the vehicle when the driver has permission to drive the car. If not, then I think the insurance would try to find the thief and see if they had insurance… which would be primary… and then next would be the hit car’s uninsured motorist, which could also cover it and try to subrogate.
For injuries in no fault states (not what was asked about but just in general) it doesn’t matter who hit who, it just matters who has the injuries and it’s that person’s insurance for the no fault coverage. Now generally even in no fault states there are scenarios where liability insurance can cover the injury too, and then it would go back to the rule in the previous paragraph.
I don’t think permission to drive has to be explicit, it could be implied, like you live in the same household and use someone’s car without that person ever protesting, could count as permission. Or if your nonresident child borrows the keys with your knowledge but without explicit permission… I think that still counts as permission. I could be wrong though.
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see above comment
This is a better response.