AM Best Upgrades Credit Ratings of Auto Club Insurance Co. of Florida

Article 0 Comments AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Auto Club Insurance Company of Florida (ACICF), headquartered in Tampa, Fla., and AAA’s Florida-based insurer. The outlook of these Credit Ratings remains […]

AM Best: Credit Ratings of Colorado Farm Bureau Under Review With Positive Implications

Article 0 Comments AM Best has placed under review with positive implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Colorado Farm Bureau Mutual Insurance Co. The credit rating action follows the announcement that Colorado Farm Bureau and Southern Farm […]

AM Best Says Specialty Insurer Exposures to PG&E Bankruptcy Within Risk Appetites

Article 0 Comments Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corp., the California utility whose equipment is being investigated as having a potential role in the recent deadly wildfires, according to a new AM […]

AM Best Removes MAPFRE NY from Under Review with Negative Implications

Article 0 Comments AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to a­- from a for MAPFRE Insurance Company of New York, based in Garden City, N.Y. The outlook assigned […]

AM Best Upgrades Credit Ratings of Greenville Casualty of South Carolina

Article 0 Comments AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to “bb” from “bb-” of Greenville Casualty Insurance Co. of Greer, S.C. The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Greenville Casualty’s balance […]

AM Best: Credit Rating Outlook Negative for Atain Insurance Cos.

Article 0 Comments AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a+” of Atain Specialty Insurance Co. and Atain Insurance Co., collectively referred to as Atain […]

AM Best: Negative Rating Implications from Wildfires for California Capital And Subsidiaries

Article 0 Comments AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its subsidiaries Eagle West Insurance Co., Monterey Insurance Co. and Nevada Capital Insurance Co. The rating actions […]

AM Best Downgrades Ratings of Mercury in California, Wildfires a Factor

Article 0 Comments AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los Angeles, Calif.-based Mercury Casualty Group. The record wildfires in California the past two years may […]