The FSR on Tower Insurance Co. was raised from “BBpi” to “BBBpi” by S&P, which indicated that the action was based on Tower Insurance Co.’s reinsurance agreement with Atlas Assurance Co. of America. The company, based in Wisconsin, is licensed in 13 states.
Was this article valuable?
Here are more articles you may enjoy.
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
D&O Market Expected to Tighten Under Pressure, Says AM Best 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally From This Issue
