KBRA has downgraded the insurance financial strength rating (IFSR) of Kingstone Insurance Company to BBB+ from A-, and issuer rating and the long-term credit rating of the senior unsecured notes of KICO’s publicly-traded parent, Kingstone Companies, Inc. to BB+ from BBB-.
The outlooks have...
BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s structural reform as well as those expanding overseas.
The announcement follows on the heels...
I went online last week to get a car insurance quote from Mercury Insurance. I went through the process twice, once listing my occupation as engineer.
All the rest of the information was the same — my age, address, driving record, car make —...
FORT LAUDERDALE, Fla. (AP) — A ratings agency has plans to downgrade more than two dozen Florida-based property insurance companies in a move that could cost more money for homeowners with loans.The ratings firm Demotech plans to downgrade the 27 insurers from an...
