Standard & Poor’s (S&P) withdrew its rating on Credit General Insurance Co. from “Bpi.” The rating action followed recent announcements that the Ohio Department of Insurance had suspended the company from writing new business and that Credit General had failed to file financial statements for the second quarter of 2000. The rating action also comes soon after S&P lowered Credit General’s FSR from “BBBpi” to “Bpi.” The company now shares the not-rated status of its wholly owned subsidiary, Credit General Indemnity Co.
Was this article valuable?
Here are more articles you may enjoy.
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 
Verisk Pulls Plug on $2.4 Billion AccuLynx Deal After FTC Review Delay 
Three Top P/C Insurers Account for Most of Insurance AI Patents 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases From This Issue
