Effective July 1, 2020, the servicing of all Blackboard Middle Market product in-force policies with Blackboard Insurance Company and Blackboard Specialty Insurance Company will be handled as set out below. There is no change in servicing or contact points for Attune business.
As per AIG's quarterly report Blackboard has been put into run-off. AIG paid $100 million for Hamilton USA, which got morphed into Blackboard - and who knows how much more AIG sunk into it afterwards.
AM Best Rating ServicesAMB #Rating Unit Members004000Commerce and Industry Insurance Company022238Blackboard Insurance Company077351American Home Assurance Company (Argentina Branch)078516Validus Reinsurance (Switzerland) Ltd.10 more rows•Aug 19, 2020
AM Best uses both qualitative and quantitative measures to assess an insurance company's ability to pay claims and meet its financial obligations. AM Best's financial strength ratings range from the highest A++ to B+, to 10 vulnerable ratings, ranging from B to S, with the lowest indicating a rating was suspended.
Regulators say AIG insurance policies and annuities are safe for now, and consumers have protection if AIG's insurance subsidiaries became insolvent. AIG has many lines of business, but the insurance subsidiaries are subject to special rules.Jan 27, 2009