The “BBBpi” financial strength rating on Virginia Mutual Insurance Co. was affirmed by S&P. Cited as a key rating factor was the company”s strong capital. This was offset by both its geographical concentration with a gross exposure to catastrophes and erratic profitability. The company was rated on a stand-alone basis.
Topics Virginia
Was this article valuable?
Here are more articles you may enjoy.
Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown 
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk 
US E&S Outlook No Longer Positive: AM Best 
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University From This Issue
