A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and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.
Was this article valuable?
Here are more articles you may enjoy.
Wrongful Data Collection Driving Cyber Claim Frequency 
New US Data Centers Projected to Emit More Carbon Than All of Mexico 
Bayer Wins Roundup Trial as Settlement Decision Looms 
Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously? 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.