Quantcast
Home / News Stories / ALPS Gets Expected Downgrade From S&P (access required)

ALPS Gets Expected Downgrade From S&P (access required)

Standard & Poor's has downgraded Attorneys Liability Protection Society's rating a notch in response to the company's recent shoring up of reserves to support a higher-than-expected claims experience in some states, but not Virginia. In addition to taking money from surplus to bolster reserves, the company has sustained an underwriting loss in 2001 and 2002. ...