Millers Ins./Millers Cas. Downgraded

October 16, 2000

The FSR on The Millers Insurance Co. and its related pool member, The Millers Casualty Insurance Co. (TX) was lowered from “BBpi” to “Bpi” by S&P, which cited continued weak net underwriting results, a decline in surplus volatile reserve levels and a marginal S&P capital adequacy ratio as key rating factors. Millers Insurance mainly writes auto and general liability for agriculture-related businesses.

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Insurance Journal West October 16, 2000
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