S&P’s affirmed its financial strength rating on Milbank Insurance Co., a stock company licensed in 22 states whose primary lines of business are private passenger auto and homeowners insurance. Milbank, a member of State Auto Group, receives 10 percent of a pool established through inter-affiliate arrangement with State Automobile Mutual Insurance Co. This arrangement was cited as being the basis for the company’s single- “Api” rating.
Was this article valuable?
Here are more articles you may enjoy.
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
Four Patients Affected, One Paralyzed, After Drug Mix-Up at Nashville Hospital 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies From This Issue
