A “Bpi” FSR was assigned to Phoenix Indemnity Insurance Co. by S&P. Included among rating factors was the company’s membership in Millers American Group Inc. as well as Phoenix Indemnity’s weak operating performance, potential interest rate risk and geographic concentration, somewhat offset by extremely strong capitalization. Writing mainly private passenger auto with a specialization in nonstandard auto, Phoenix Indemnity is based in Nebraska, domiciled in Arizona and licensed in 24 states.
Was this article valuable?
Here are more articles you may enjoy.
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
Man Sentenced for Flashing Three Insurance Agencies in Georgia 
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim From This Issue
