Queensway Financial Holdings Ltd. said in late January that the Florida and Georgia departments of insurance had both obtained court orders to have Queensway insurance units liquidated. The company is closing down its Queensway Casualty Insurance Company unit in Florida and the International Indemnity Co. in Georgia.
Following this action, Standard & Poor’s revised its financial strength rating on International Indemnity Co. to ‘R” from ‘Bpi’.
Was this article valuable?
Here are more articles you may enjoy.
Florida Heads for Smallest Orange Crop in Nearly a Century 
Update: Verizon Says Service Restored After Thousands Affected by Outage 
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS 
DoorDash, Uber Cost Drivers $550 Million in Tips, NYC Says From This Issue
