The counterparty credit rating and financial strength rating (FSR) on Lyndon Property Insurance Co. were removed from CreditWatch, where they were placed by S&P on Oct. 22, 1999, subsequent to the announcement of Lyndon’s acquisition by Protective Life Corp. In addition, the ratings were raised from “A” to “AA.”
The rating action followed S&P’s review of Protective Life’s plans for Lyndon, which resulted in S&P’s view that Lyndon is strategically important to Protective Life.
Topics Property
Was this article valuable?
Here are more articles you may enjoy.
Roof Costs Soar Even as Claims Decline: Verisk 
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
Warmer World Means Bigger Hail and More Damage, Study Finds From This Issue
