A “BBBpi” FSR was assigned to The American Road Insurance Co. (ARI) by S&P. The company, which is licensed in 52 states, the District of Columbia and Canada, is a strategically important member of the Dearborn, Mich.-based American Road Insurance Group. Consequently, the rating includes additional credit for implied group support. ARI writes coverages related to extended warranty, physical damage of dealer inventories and equipment financed at wholesale floor-plan by Ford Motor Credit Co., ARI’s parent company. The rating also reflects the company’s strategic importance to its parent and extremely strong capital position, factors which are partially offset by ARI’s volatile operating results and limited business scope.
Was this article valuable?
Here are more articles you may enjoy.
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues 
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
Agency Network SIAA Acquires MGA Canopy Specialty Insurance 
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida From This Issue
