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.
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
How One Florida Gas Station Worker Allegedly Defrauded Progressive of $44,700 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
