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.
25 Years Later: IJ’s Past and Continued Coverage of the Insurance Impact of 9/11 
Viewpoint: Reinsurance Market to Experience Further Softening, M&A on Ample Capacity 
FBI Investigating Possible Exposure of Millions of American IDs 
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California From This Issue
