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.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
World’s Growing Civil Unrest Has an Insurance Sting 
‘Structural Shift’ Occurring in California Surplus Lines From This Issue
