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.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Experian Launches Insurance Marketplace App on ChatGPT From This Issue
