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.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments From This Issue
