The financial strength rating on PHICO Insurance Co. was lowered from “BBBpi” to “BBpi” by S&P. The company”s weak operating performance, declining surplus and volatile reserve development were listed as key factors in the rating action.
Was this article valuable?
Here are more articles you may enjoy.
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ From This Issue
