Ocean Harbor Casualty Affirmed

The “BBpi” FSR on Ocean Harbor Casualty Insurance Co. (OHCIC) was affirmed by S&P, which cited the company’s volatile premium revenue and operating performance as major rating factors. Those negative factors were partially offset by OHCIC’s adequate capitalization. The company, based in Tallahassee, Fla., writes private passenger auto liability and auto physical damage both on a direct basis and as assumed business from Clarendon National.