S&P Assigns Delta Casualty Co. ‘R’

S&P assigned its “R” financial strength rating to Delta Casualty Co. (Delta Casualty). On Dec. 4, 2001, the Cook County Circuit Court in Illinois issued an order of liquidation upon finding that Delta Casualty was insolvent by more than $1 million. The Illinois Insurance Guaranty Fund will be accountable for the claims filed by Delta Casualty (NAIC: 10871) policyholders in Illinois.

Delta Casualty has been in business since 1967. Its major lines of business include private passenger auto liability, commercial auto liability, auto physical damage, and workers’ compensation insurance. The company is licensed in Illinois, Iowa, and Florida.