A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and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.
Cargo Theft Surges as Holiday Season Approaches, Verisk Says 
Texas Accuses Allstate-Owned Arity of Data Privacy Violations 
Google Contract Staff Reach Union Deal Banning Keystroke Monitoring 
AccuWeather’s 2024 White Christmas Forecast Calls for Snow in More Areas 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.