A.M. Best Co. has assigned a financial strength rating of ‘B’ (Fair) and an issuer credit rating (ICR) of “bb” to Chicago-based Unique Insurance Company with a stable outlook.
“The ratings reflect Unique’s elevated underwriting leverage and expense ratios and its concentration of risk in Illinois,” said Best.
Partially offsetting these negative rating factors are the company’s favorable operating results in recent years and its solid surplus growth. The rating outlook is based on the long-term consistency of Unique’s operating results.
Source: A.M. Best – www.ambest.com
Was this article valuable?
Here are more articles you may enjoy.
These Five Technologies Increase The Risk of Cyber Claims 
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings 
Hackers Hit Sensitive Targets in 37 Nations in Spying Plot 
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.