What Verdica's 778 score means for Insurance Producer 68
Insurance Producer 68 in North Carolina received a composite score of 778 out of 850, placing it in the "strong" band (740–799). This score reflects above-average performance across the regulatory and financial dimensions that Verdica tracks.
A score in this range suggests the producer has demonstrated solid compliance habits and financial stability relative to peers. It is not the highest tier—a score of 800 or above would enter the "excellent" category—but it indicates a provider operating with fewer red flags than the majority of the market. For a business owner or consumer evaluating this producer, a 778 score means the entity has passed baseline regulatory scrutiny and maintained acceptable financial health, though there may be room for improvement in one or more areas.
The score should not be read as a guarantee of service quality or outcome. Rather, it reflects what public regulatory and financial data show about the entity's compliance posture at a point in time. No independent customer reviews are currently indexed for this producer, so readers should supplement this compliance score with direct references or feedback from current policyholders if available.
How the sub-scores break down
Financial Strength: 700. This sub-score sits in the acceptable-to-strong range and indicates the producer has demonstrated adequate capitalization and financial reporting practices. A score of 700 suggests the producer meets regulatory capital requirements and has not triggered financial warning flags from state regulators. However, it is the lowest of the three sub-scores, signaling that financial metrics are solid but not outstanding. In the insurance industry, financial strength scores are built on data such as loss ratios, expense ratios, and solvency margins reported to state insurance commissioners. A score above 700 generally means the producer is unlikely to face imminent financial distress.
Complaints: 800. This sub-score is in the strong range and reflects a favorable complaint ratio relative to industry baselines. Complaint scores are derived from NAIC data on formal complaints filed against the producer by consumers or other parties. A score of 800 suggests either a low volume of complaints or a low ratio of complaints relative to the producer's size or premium volume. This is a positive signal and one of the producer's clearer strengths.
Regulatory Actions: 850. This is the highest sub-score and falls in the excellent band. Regulatory actions tracked by the NAIC include enforcement actions, license suspensions, fines, or consent orders issued by state insurance departments. A score of 850 indicates minimal or no significant regulatory enforcement history. This suggests the producer has operated with good compliance discipline and has not drawn substantial state scrutiny or sanction.
What regulators in NC track for insurance providers
The North Carolina Department of Insurance, like all state regulators, reports complaint and financial data to the NAIC (National Association of Insurance Commissioners). These metrics form the backbone of Verdica's scoring.
Complaint ratios track the number of complaints filed against a producer relative to a baseline—typically normalized by volume or time period. Complaints may relate to billing disputes, claim handling delays, misrepresentation, or licensing violations. A high complaint ratio suggests operational or customer service issues; a low ratio suggests fewer reported grievances.
Financial strength ratings are drawn from annual financial statements filed by insurance entities. Regulators examine loss reserves, capital adequacy, and solvency. A low financial score can signal inadequate reserves, high expense ratios, or deteriorating capital positions—all of which may indicate future stability risks.
Regulatory actions include formal enforcement: license denials, suspensions, revocations, fines, or consent orders. These are public records and are weighted heavily because they reflect state regulators' direct findings of non-compliance with insurance laws or unfair practices.
Bottom line
Insurance Producer 68 presents a strong compliance profile with a 778 score, driven by excellent regulatory history and favorable complaint ratios. The financial strength sub-score is adequate but the weakest leg; prospective clients should ask the producer for recent financial statements or references and verify licensing status directly with the NC Department of Insurance before committing to a business relationship.