Canal Indemnity Affirmed
S&P affirmed Canal Indemnity Co.’s “Api” FSR, a rating based on that of Canal Insurance Co., of which the company, a member of the Canal Group, is a wholly owned and reinsured subsidiary. Canal Indemnity, which mainly writes commercial automobile, is based and licensed in South Carolina. Its major states of operations
are Louisiana, Texas, Florida, Georgia and Maryland.
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