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.
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC 
Parkland Shooting Wasn’t Multiple Incidents With Multiple Deductibles, Court Says 
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X 
Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best From This Issue
