Standard & Poor’s (S&P) assigned a “BBBpi” FSR to Factory Mutual Insurance Co. and its two wholly owned pool members, Affiliated FM Insurance Co. and Appalachian Insurance Co., reflecting the pool’s dominant niche market position and strong capitalization. Offsetting factors include recent poor underwriting performance as well as volatility in earnings and premium revenues.
Topics Manufacturing
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme 
Four in New Jersey Face Charges in Alleged $250K Travel Insurance Scam 
CRC Group Signs Agreement to Acquire Euclid Transactional 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says From This Issue
