Standard & Poor’s Ratings Services announced it has affirmed its “Bbpi” counterparty credit and financial strength ratings of Hanover Fire and Casualty Insurance Co. of Plymouth Meeting, Pa.
According to S&P’s analyst Alan Koerber, Hanover’s ratings correspond to its small capital base, limited scope of operation, and unstable reserve development. The company writes fire and burglary and theft insurance, operating in Pennsylvania, Illinois, and Washington D.C.
Topics Casualty
Was this article valuable?
Here are more articles you may enjoy.
Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
After Florida Charged People With Selling Insurance Licenses, 12 More Arrested 
