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.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
