S&P affirmed its “BBpi” financial strength rating on Van Nuys-based Surety Co. of the Pacific, reflecting the company”s limited business scope, volatile reserve development, and high geographic and product line concentration. Those rating factors were partially offset by the company”s strong capitalization.
Was this article valuable?
Here are more articles you may enjoy.
Camp Mystic Seeks Bankruptcy to Settle Texas Flood Wrongful Death Claims 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake From This Issue
