first nonprofit News

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Chicago-based First Nonprofit Insurance Company (FNIP). In addition Best has affirmed …

First Nonprofit Insurance Co. (FNIC), headquartered in Chicago, announced organizational changes. Philip Warth, chief executive officer of FNIC, is now chairman and chief executive officer of Mutual Insurers Holding Co., parent company to FNIC. Robert White succeeds Warth in the …