Ratings

Fitch Affirms National Indemnity

The “AAA” insurer financial strength ratings (FSR) of the National Indemnity Company and the associated members of the National Indemnity...

XL Affirmed

In separate rating actions, Standard & Poor’s (S&P) recently affirmed the counterparty credit ratings and FSRs on the following companies:...

UNIC Affirmed

The “Api” FSR on United National Insurance Co. (UNIC) was confirmed by S&P. The rating action was based on the...

American Community Downgraded

Subsequent to continued deterioration in American Community Mutual Insurance Co.’s surplus position, the FSR on the company was downgraded from...

Phoenix ‘A’ Affirmed

The “A” rating of Phoenix Home Life Mutual Insurance Co., Hartford, Conn., was affirmed by A.M. Best, which indicated that...

S&P Affirms SIAMCO

The “AApi” FSR on Sentry Insurance, a Mutual Co. (SIAMCO) was affirmed by S&P. The rating action also applies to...

ICAHN BUYS MORE RELIANCE DEBT

Financier Carl Icahn has purchased $10.5 million of the defaulted notes and $20 million of the secured bank debt of...

ROOM FOR EXPRESSION

The California Department of Insurance (CDI) insists the goal of a proposed emergency regulation is to make sure that insurers...

FFIC Downgraded

Following sharp reserve strengthening on the California contractors business of First Financial Insurance Co. (FFIC), its financial strength rating (FSR)...

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