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.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
‘Structural Shift’ Occurring in California Surplus Lines 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions From This Issue
