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, McGill Announce Collaboration to Potentially Transform Subscription Market 
After Milton’s Damage to Stadium, St. Pete Votes to Raise Coverage to $50M 
Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance 
Prices for New Cars Have Soared. Here’s One Big Reason Why From This Issue
