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.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders? 
