Announcements, filings and product news from Trident Insurance Company.
AM Best affirmed Trident Insurance Company’s A− (Excellent) financial strength rating and stable outlook, citing consistent underwriting results across all three lines and a conservative reserving posture.
The Oklahoma Insurance Department approved an expanded large- commercial-farm endorsement for CPP, adding coverage for irrigation equipment and grain storage to the existing 30-coverage farm section.
Trident’s NCCI-based workers’ compensation programme is now filed and approved in two additional states, bringing total availability to 24 states.
Alvarez, previously VP of Platform Engineering, now leads the underwriting and claims platform including the pay-as-you-go payroll reporting used across the workers’ compensation book.
A filed rate revision for personal auto took effect for new and renewal business in North Carolina, reflecting updated loss trend and continuing the multi-car and paid-in-full discounts.
Trident and the North Carolina Department of Insurance announced the second round of Coastal Resilience Grants, funding wind- mitigation retrofits in four coastal towns.