Standard & Poor’s Ratings Services announced it has affirmed its “Bbpi” counterparty credit and financial strength ratings of Hanover Fire and Casualty Insurance Co. of Plymouth Meeting, Pa.
According to S&P’s analyst Alan Koerber, Hanover’s ratings correspond to its small capital base, limited scope of operation, and unstable reserve development. The company writes fire and burglary and theft insurance, operating in Pennsylvania, Illinois, and Washington D.C.
Topics Casualty
Was this article valuable?
Here are more articles you may enjoy.
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration 
