What Verdica's 778 score means for Insurance Producer 96
Insurance Producer 96 in Ohio has earned a composite Verdica score of 778 out of 850, placing it in the "strong" performance band (740–799). This score reflects a provider that meets or exceeds baseline regulatory and financial expectations across the dimensions that matter most to consumers and business partners: solvency, complaint handling, and regulatory compliance history.
A score in the strong band indicates that Insurance Producer 96 operates without major red flags. It is not in the highest category (800–850, "excellent"), which would suggest exceptional performance across all measures, nor is it in the acceptable range (670–739), which would warrant closer monitoring. Instead, a 778 suggests a provider that regulators and financial raters have found reliable, though with room for improvement in at least one performance area.
For a business owner or consumer evaluating this provider, a strong score means the entity has demonstrated financial capacity to handle claims and meet obligations, has not generated an abnormally high volume of complaints relative to its peer group, and has avoided major regulatory enforcement actions. However, it is not a guarantee of perfect service or zero complaints—it reflects industry-standard performance.
How the sub-scores break down
Financial Strength: 700
This sub-score sits in the acceptable-to-strong range and reflects ratings compiled by financial strength analysts (typically part of NAIC data). A score of 700 indicates the provider maintains adequate reserves, manageable leverage, and sufficient liquidity to meet policyholder obligations. It is not an "excellent" rating, which suggests this provider may have slightly higher leverage, narrower margins, or less robust capital buffers than top-tier competitors, but the score confirms it is not at imminent risk of insolvency.
Complaints: 800
A complaints score of 800 is strong and suggests that Insurance Producer 96 has maintained a complaint ratio—the number of substantiated complaints divided by policies in force—that falls at or below the state and national benchmarks for similar providers. This does not mean zero complaints; rather, it reflects proportionate complaint activity. A score this high indicates customers file grievances at a rate consistent with or lower than peer expectations.
Regulatory Actions: 850
This is the highest of the three sub-scores, indicating minimal or no material regulatory sanctions, license suspensions, fines, or enforcement orders on record. A perfect or near-perfect score in this dimension means Ohio regulators have not identified patterns of non-compliance, misrepresentation, financial mismanagement, or violations serious enough to warrant public enforcement action.
What regulators in OH track for insurance providers
Ohio's Department of Insurance and the National Association of Insurance Commissioners (NAIC) monitor insurance producers through multiple lenses. Complaint ratios measure the frequency and types of grievances filed against a producer—typically for delayed payments, claim denials, premium misstatement, or misrepresentation. States compare each producer's ratio to peers and trend the data over time; a ratio that rises sharply or exceeds benchmarks can trigger examination.
Financial strength ratings assess capital adequacy, underwriting discipline, and operational stability. Analysts review audited financial statements, reserve levels, and reinsurance arrangements. A weak financial rating signals higher counterparty risk.
Regulatory actions track licensing compliance, continuing education requirements, unfair trade practice violations, and response to market conduct exams. Public enforcement (fines, license restrictions, cease-and-desist orders) represents the most serious regulatory intervention.
These three dimensions collectively indicate whether a provider operates ethically, remains solvent, and responds appropriately to oversight.
Bottom line
Insurance Producer 96's 778 score places it in the strong performer category, backed by solid financial ratings and low regulatory friction. Before entering a business relationship, verify that the provider is licensed and in good standing with the Ohio Department of Insurance, confirm they carry appropriate E&O or fidelity insurance, and review their specific product expertise in your lines of coverage.