Primary downgrade reaction
Primary Insurance Company, the insurer for the Primary Group, is to take remedial action to ensure i...
Primary Insurance Company, the insurer for the Primary Group, is to take remedial action to ensure its recent downgrading by AM Best to B (fair) from B++ (very good) is short lived. A Primary statement said PIC will continue to be under review with developing implications allowing its parent, the Primary Group, to put in place corrective actions in advance of AM Best's next review of PIC in the first quarter of 2007.
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