The financial strength rating on Employers Mutual Casualty Company, a member of EMC Insurance Cos., and its related pool members was lowered from ‘Api’ to ‘BBBpi’ by S&P. The other affected companies are: Emcasco Insurance Co., Illinois Insurance Co., Dakota Fire Insurance Co., The Hamilton Mutual Insurance Co. of Cincinnati, EMC Property & Casualty Insurance Co., and Union Insurance Co. of Providence. The lone exception was Farm and City Insurance Co., whose rating was affirmed at ‘BBBpi.
Was this article valuable?
Here are more articles you may enjoy.
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
Carnival Cruise Line Wins New Trial After $10M Verdict in Sex Assault Suit 
Auto and Home Insurance Consumers Getting Used to Using AI: JD Power 
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US From This Issue
