The financial strength rating on PHICO Insurance Co. was lowered from “BBBpi” to “BBpi” by S&P. The company”s weak operating performance, declining surplus and volatile reserve development were listed as key factors in the rating action.
Was this article valuable?
Here are more articles you may enjoy.
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles From This Issue
