How Reliable Is Pie Insurance?
Pie Insurance reliability: licensing, legal entities, financial evidence and the scope behind its Spot Score.
Assessment
These scores use different criteria and cannot be read against each other.
Broker Spot Score
5.2/ 10This partial Broker Spot Score covers identity and authority, disclosure clarity within the stated scope. It uses 45% of the rubric’s factor weighting, normalized to a ten-point scale. The excluded factors remain unknown, and evidence for one program does not describe another.
Partial score — 45% of this rubric’s factor weighting. Excluded: Carrier-Network Strength, Regulatory Conduct
Assessed 2026-09-21 · Review due 2026-10-21
| Factor | Weight | Included | Score | Basis |
|---|---|---|---|---|
| Identity and Authority | 30% | 66.7%normalized | 2.1 / 4 | [4][3][5] |
| Carrier-Network Strength | 30% | — | Excluded | The reviewed evidence does not name the carrier and capacity arrangements behind the assessed programs, so the relationships cannot be assessed. |
| Regulatory Conduct | 25% | — | Excluded | A complete, exact-entity regulatory-conduct review for the preceding five years is unavailable. |
| Disclosure Clarity | 15% | 33.3%normalized | 2.0 / 4 | [4][3][5][2] |
Included weights are normalized over the supported factors.
Carrier & MGA Spot Score
6.5/ 10This partial Carrier & MGA Spot Score covers identity and authority, disclosure clarity within the stated scope. It uses 25% of the rubric’s factor weighting, normalized to a ten-point scale. The excluded factors remain unknown, and evidence for one program does not describe another.
Partial score — 25% of this rubric’s factor weighting. Excluded: Financial Resilience, Claims and Servicing, Carrier-Network Strength, Regulatory Conduct
Assessed 2026-09-21 · Review due 2026-10-21
| Factor | Weight | Included | Score | Basis |
|---|---|---|---|---|
| Identity and Authority | 15% | 60.0%normalized | 2.4 / 4 | [4][3][5] |
| Financial Resilience | 20% | — | Excluded | The available financial evidence does not establish resources and material capacity arrangements across the assessed entities and role. |
| Claims and Servicing | 20% | — | Excluded | The evidence does not sufficiently establish responsibility, access and escalation across the assessed services. |
| Carrier-Network Strength | 15% | — | Excluded | The reviewed evidence does not name the carrier and capacity arrangements behind the assessed programs, so the relationships cannot be assessed. |
| Regulatory Conduct | 20% | — | Excluded | A complete, exact-entity regulatory-conduct review for the preceding five years is unavailable. |
| Disclosure Clarity | 10% | 40.0%normalized | 2.8 / 4 | [4][3][5][2] |
Included weights are normalized over the supported factors.
Evidence and Scope
Role: Hybrid provider. Scope: Pie Insurance Services, Inc. as producer/administrator; The Pie Insurance Company and Pie Casualty Insurance Company as separately named P&C entities. This review does not assign Pie Casualty to a product without product-specific evidence and does not treat Pie Group Holdings, Inc. as an insurer.
Legal Identity
Licensing
Pie publishes producer license entries, including California nonresident producer 0M72907, Colorado resident producer 555231 and District of Columbia producer 3000466257. Missouri independently lists The Pie Insurance Company active with certificate B424258 and NAIC 21857. These producer and insurer records establish different legal roles and do not make every Pie product available in every listed state.[4][5]
Financial Strength
AM Best’s April 24, 2026 disclosure lists Pie Casualty Insurance Company, NAIC 10997, with an A- (Excellent) financial-strength rating and stable outlook. The rating is for the named insurer/rating unit and is not a rating of Pie Insurance Services, Inc. or proof that every Pie product uses that insurer.[1]
Missouri’s 2025 market data for The Pie Insurance Company (NAIC 21857) reports $5,897,893 of direct workers-compensation premium written, $5,005,941 earned, $1,596,794 of direct losses incurred and a 161.9% direct loss ratio. Those figures are Missouri market data for that insurer and line, not a group-wide solvency statement; the Missouri page reports no financial exam in its displayed record.[5]
Risk-Bearing Relationships
Pie says workers-compensation policies are underwritten by The Pie Insurance Company and affiliates, while commercial auto, BOP, general liability and professional liability are underwritten by unaffiliated third-party insurers. The carrier must therefore be confirmed by product, state and policy.[4]
Claims and Service
Pie publishes online and telephone claim-reporting routes and says a claims professional follows up, determines coverage under the policy and explains benefits when a claim is accepted. These are process disclosures and do not independently establish claims outcomes.[2]
Regulatory Record
Missouri’s company detail page lists The Pie Insurance Company active and provides historical market-regulation and company-change information; Illinois lists Pie Casualty Insurance Company as an active P&C entity. A complete five-year conduct search for all Pie entities and a full producer appointment search are not established in this record.[5][3]
Evidence gaps
- Producer license and appointment status across all jurisdictions were not independently established in this record.
- The legal disclosure does not map Pie Casualty Insurance Company specifically to generic workers-compensation underwriting; exact policy/product issuer evidence is required.
- Product/state mapping for third-party insurers is not fully disclosed in generic pages.
- Current reinsurance/capacity allocation and claims-administrator responsibilities need product-specific evidence.
- Complete five-year conduct search across producer and carrier entities is not established in this record.
Jurisdiction searches
| Jurisdiction | Result | Notes |
|---|---|---|
 Missouri | Verified regulator result[5] | Missouri regulator lists The Pie Insurance Company active, NAIC 21857, P&C authority and certificate B424258. |
 Illinois | Verified regulator result[3] | Illinois regulator entity page identifies Pie Casualty Insurance Company as active P&C entity, NAIC 10997. |
 US/DC | Company-reported disclosure[4] | Pie publishes a producer-license list; no completed five-year conduct result is established for the stated scope. |
Licenses and Authority
These are reviewed authority records for the named legal entities and scope. A license record does not establish that a particular policy is available, bound, or suitable.
| Entity and jurisdiction | Identifier | License class and authority |
|---|---|---|
Pie Insurance Services, Inc. Colorado | State license: 555231[4] | Resident producer as displayed on Pie legal page; Company-published; current regulator record not independently established in this record |
Pie Insurance Services, Inc. California | State license: 0M72907[4] | Nonresident producer as displayed on Pie legal page; Company-published; current regulator record not independently established in this record |
Pie Insurance Services, Inc. District of Columbia | State license: 3000466257[4] | Insurance producer as displayed on Pie legal page; Company-published; product and appointment scope require confirmation |
| The Pie Insurance CompanyMissouri | Certificate of authority: B424258[5] | Property and casualty insurer; Missouri regulator lists active status and P&C authority |
| Pie Casualty Insurance CompanyUnited States | NAIC number: 10997[3][1] | P&C insurer identifier; Illinois regulator and AM Best entity record |
Sources
- AM Best Rating Disclosure Report - Pie Casualty Insurance Company. AM Best Rating Services; Current disclosure: NAIC 10997; A- (Excellent) FSR, a- ICR, stable outlook, affirmed effective April 24, 2026. Accessed 2026-09-21.
- File Your Claim Within 24 Hours. Pie Insurance; Claim reporting routes and post-report coverage determination. Accessed 2026-09-21.
- Pie Casualty Insurance Company - Entity Details. Illinois Department of Insurance; Active P&C entity; NAIC 10997; Pie Group Holdings parent. Accessed 2026-09-21.
- Legal. Pie Insurance; Footer disclosure; producer role; workers-compensation versus third-party underwriting; state license list. Accessed 2026-09-21.
- The Pie Insurance Company - Company Details. Missouri Department of Commerce and Insurance; Active status; NAIC 21857; P&C authority; 2025 workers-compensation market data; certificate of authority history. Accessed 2026-09-21.
