Ratings Recap: LandAmerica, Jefferson Pilot Financial
Fitch Ratings has affirmed the ‘BBB’ Issuer Default Rating of LandAmerica Financial Group (LFG) and the ‘A-‘ Insurer Financial Strength Ratings of its insurance subsidiaries with a stable outlook. Fitch cited LandAmerica’s “strong competitive position with the third largest market share of approximately 19 percent, as well as the company’s high-quality, liquid investment portfolio,” as backing the assigned ratings.
A.M. Best Co. has withdrawn the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa” of Nebraska-based Jefferson Pilot Financial Insurance Company. “These rating actions are a result of the merger of JP Financial into its affiliate, The Lincoln National Life Insurance Company” of Fort Wayne Ind., Best indicated.
- Changing the Focus of Claims, Data When Talking About Nuclear Verdicts
- Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts
- Fake Bear Attacks on Car for Fraudulent Insurance Claims Lead to Arrests
- Allstate Thinking Outside the Cubicle With Flexible Workspaces