Does Starnet Insurance Company Still Sell Insurance?
UPDATED: Apr 8, 2013
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Asked April 8, 2013
Starnet Insurance Company was a stock fire and casualty company. From 1998 until 2003 the company provided a range of insurance products, and then was absorbed by W.R. Berkley Company, another financial company founded by the owner of Starnet Insurance, William Robert Berkley.
Read car insurance reviews.
Starnet Insurance Company Was founded in 1998 and purchased by the W.R. Berkely Company in 2003. At the time of their acquisition, Starnet Insurance Company reported total assets of over 170 million dollars, including working capital of around 6 million dollars. Since the parent company of Starnet Insurance Company is the W.R. Berkely Corporation, it can safely be inferred that the current owner of Starnet Insurance Company is the same as the original founding company.
Starnet Insurance Company is not rated individually by the A.M. Best financial ratings company. Instead, Starnet Insurance Company inherits the rating of the parent company, the W.R. Berkley Corporation. That company is rated highly, receiving an "A+" (Superior) rating. Additionally, the Berkley Corporation has a stable long term outlook of "aa-." The company was most recently rated in December of 2012.
Insurance Products Offered
Starnet Insurance Company offered a wide range of insurance products, focused primarily on single owner and private insurance. Products included auto insurance (including truck, RV, motorcycle, and other private vehicle coverages), health insurance, homeowners insurance, and specialty coverage for boats and airplanes as well as business and commercial insurance.
Answered April 8, 2013 by Anonymous