S&P’s lowered its counterparty credit and financial strength ratings on Harbor Insurance Co. (Harbor) to “Bpi” from “Bbpi.” According to an S&P’s analyst, “Harbor’s decline in capitalization and increasing leverage in 2002, weaker liquidity, and limited operating scope,” influenced the ratings action.
Based in Tulsa, Okla., Harbor writes mainly private passenger auto in Oklahoma. Its products are distributed primarily through independent agents. Harbor, which began business in 1993, is licensed in only Oklahoma.
Was this article valuable?
Here are more articles you may enjoy.
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
OpenAI Top Scientist Urges ‘Extreme Caution’ With Pace of AI 
NC Roofers Caught in Farm Bureau’s Sting Sentenced to Probation, Restitution 
GEICO Avoids Class Action Over Totaled Vehicle Payouts in New Jersey From This Issue
