A.M. Best Withdraws Ratings of Electric Lloyd’s of Texas
A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and assigned an NR–5 (Not Formally Followed) to the FSR and an “nr” to the ICR.
These rating actions reflect the dissolution of Electric Lloyd’s effective December 31, 2009. All Electric Lloyd’s policies were either non-renewed or underwritten directly by the company’s parent, Electric Insurance Company.
Source: A.M. Best, www.ambest.com/ratings.
Popular Today
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
- California Sees Two More Property Insurers Withdraw From Market
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
Popular This Month
- California Sees Two More Property Insurers Withdraw From Market
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit