Standard & Poor’s Ratings Services has assigned its ‘R’ financial strength rating to Interboro Mutual Indemnity Insurance Co. after the Supreme Court of the State of New York ordered the Superintendent of Insurance to take over as Rehabilitator.
Interboro Mutual is a 90-year-old property/casualty insurer based in Mineola, N.Y. It primarily wrote private passenger auto, homeowners, and general liability coverage.
It also wrote commercial auto and workers’ compensation coverage, though at a much smaller scale.
Was this article valuable?
Here are more articles you may enjoy.
Taylor Farms Recalls Salsa and Guacamole Over Salmonella Risk 
Allstate Introduces Large Language Model, ALLIE 
Ex-VW Engineers Plead Not Guilty to US Insider Trading Charges 
Proposed Hormuz Passage Deal Not Feasible for Shipping Industry, Sources Say 
