S&P affirmed Canal Indemnity Co.’s “Api” FSR, a rating based on that of Canal Insurance Co., of which the company, a member of the Canal Group, is a wholly owned and reinsured subsidiary. Canal Indemnity, which mainly writes commercial automobile, is based and licensed in South Carolina. Its major states of operations
are Louisiana, Texas, Florida, Georgia and Maryland.
Was this article valuable?
Here are more articles you may enjoy.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Commercial Lines Rates Continue to Soften, Says Ivans Index 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Bayer Shareholders Keep the Squeeze on CEO Over Roundup Lawsuits From This Issue
