Fitch Affirms Selective Insurance’s Ratings; Outlook Stable
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed Selective Insurance Group, Inc.’s (Selective) ratings as follows: –Issuer Default Rating (IDR) at ‘A-’;–Senior debt at ‘BBB+’;–Junior subordinated debt at ‘BBB-’. Fitch has also affirmed the ‘A+’ Insurer Financial Strength (IFS) ratings of the members of the Selective intercompany pool. The Rating Outlook is Stable. A full rating list is …
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Bill lowers mandated auto insurance amounts
Both the state senate and house have approved a bill that would roll back mandated auto insurance premiums for motorists.
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FSCO to launch insurance industry review
The Financial Services Commission of Ontario says that it is going to review suitability in the insurance industry. FSCO has published a draft of its statement of priorities for the coming year.
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