S&P affirmed Canal Indemnity Co.’s “Api” FSR, a rating based on that of Canal Insurance Co., of which the company, a member of the Canal Group, is a wholly owned and reinsured subsidiary. Canal Indemnity, which mainly writes commercial automobile, is based and licensed in South Carolina. Its major states of operations
are Louisiana, Texas, Florida, Georgia and Maryland.
Was this article valuable?
Here are more articles you may enjoy.
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In From This Issue
