Acceleration National Gets ‘R’

An “R” FSR was assigned to Acceleration National Insurance Co. (ANIC) by S&P. The Ohio-domiciled property/casualty company, licensed in 47 states and D.C., was recently placed into rehabilitation following a complaint filed by the Ohio Department of Insurance director. ANIC’s unaudited financial filing of Sept. 30, 2000, reported a surplus which fell below the required minimum surplus.