What Verdica's 778 score means for Insurance Producer 64
Insurance Producer 64 in Pennsylvania received a composite Verdica score of 778 out of 850, placing it in the "strong" band (740–799). This score reflects a provider that demonstrates solid operational and regulatory standing across the dimensions Verdica measures.
A score in the strong band indicates that the provider has maintained acceptable financial footing, managed complaint ratios within reasonable limits, and avoided significant regulatory enforcement actions. This is a meaningful distinction: it separates Insurance Producer 64 from providers in the acceptable range (670–739), suggesting better-than-baseline performance in risk indicators tracked by state and national insurance regulators.
Readers should interpret this score as a signal that Insurance Producer 64 operates within established industry norms and has not triggered major red flags in the data available to regulators. However, a strong score is not the highest tier—it sits below the excellent band (800–850)—so prospective clients should still conduct their own due diligence, particularly around service quality and product fit, which this score does not measure.
How the sub-scores break down
Financial Strength (700/850): This sub-score reflects Insurance Producer 64's solvency, liquidity, and ability to meet obligations. A score of 700 is in the acceptable-to-strong range and indicates the provider has maintained adequate capital and financial reserves according to NAIC filings. This is important for consumers because a financially stable producer is more likely to remain in business and handle claims and refunds reliably. A lower score in this dimension would signal liquidity concerns or regulatory capital warnings.
Complaints (800/850): This sub-score aggregates the ratio of consumer complaints filed against the provider relative to its book of business or transaction volume, normalized against statewide benchmarks. A score of 800 suggests Insurance Producer 64 has fewer complaints per transaction than many peers, indicating relatively strong customer satisfaction or dispute resolution. Complaint ratios can rise if producers face patterns of billing errors, coverage delays, misrepresentation, or failure to service policies. The 800 score here suggests those issues are not prevalent.
Regulatory Actions (850/850): This is the provider's strongest dimension. A perfect score of 850 indicates Insurance Producer 64 has either no record of enforcement actions on file with Pennsylvania's Insurance Department, or actions so minimal they do not register as risk factors. Regulatory actions typically include fines, license suspensions, consent orders, or investigations into violations of insurance code. A perfect or near-perfect score in this category is a positive indicator of compliance discipline.
What regulators in PA track for insurance providers
Pennsylvania's Insurance Department and the NAIC track insurance producers using two core data streams: complaint ratios and financial strength ratings.
Complaint ratios measure the frequency of consumer complaints per the producer's transaction volume or premium written. These complaints span licensing issues, unauthorized practice, unfair trade practices, contract disputes, policy administration errors, and claims-handling failures. Regulators calculate complaint ratios statewide and by company type to identify outliers. A producer with a complaint ratio significantly above the statewide median may face increased audit scrutiny or enforcement review.
Financial strength ratings derive from audited financial statements filed annually with NAIC. Regulators evaluate capital adequacy, solvency margins, expense ratios, and underwriting profitability. Producers below minimum capital thresholds or showing consistent losses may receive corrective orders or risk license suspension.
Verdica's scoring models these regulatory datasets to offer a standardized view of provider risk across the states.
Bottom line
Insurance Producer 64 scores in the strong range and should be considered a credible option for most small-to-medium business insurance needs. Prospective clients should verify licensing status independently through Pennsylvania's Insurance Department website and request references or service guarantees before committing to a long-term relationship.