The “BBBpi” FSR on American Safety Casualty Insurance Co. was affirmed by S&P. The company’s extremely strong capitalization and five-year average return on revenue were cited as key factors in the rating. Those factors were offset by limited operating scope and volatile premium revenues. American Safety is headquartered in Atlanta, Ga., and domiciled in Delaware. It is licensed in 48 states and the District of Columbia.
Was this article valuable?
Here are more articles you may enjoy.
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
NAIC Says Data Taken in Hack Has Been Published Online 
NAIC Victim of Cyber Incident Via PeopleSoft System From This Issue
