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Article: BANKERS LIFE INSURANCE COMPANY OF NEW YORK CLAIMS PAYING ABILITY RATED 'AA' BY DCR
- Article from:
- PR Newswire
- Article date:
- January 8, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Jan. 8 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated the claims paying ability of Bankers Life Insurance Company of New York 'AA' (Double-A). This rating is supported by the financial strength of Banker Life's parent, Indianapolis Life Insurance Co. (ILICO) and reflects the strategic importance of the company to ILICO. ILICO's claims paying ability is rated 'AA' (Double-A) by DCR.
ILICO purchased Bankers Life Insurance Company of New York from Southwestern Life Insurance Co. July 27, 1995, as a strategic investment with long-term benefits for both companies. Bankers Life Insurance Company of New York provides ILICO additional diversity ...