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.
Travelers Builds Insurance-Specific LLM 
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO From This Issue
