The “BBBpi” FSR on American Safety Casualty Insurance Co. was affirmed by S&P. The company’s extremely strong capitalization and five-year average return on revenue were cited as key factors in the rating. Those factors were offset by limited operating scope and volatile premium revenues. American Safety is headquartered in Atlanta, Ga., and domiciled in Delaware. It is licensed in 48 states and the District of Columbia.
Was this article valuable?
Here are more articles you may enjoy.
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested From This Issue
