Southeast News
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A.M. Best Downgrades State Farm Florida; Outlook Negative
Southeast News • June 18, 2009
A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to "bb"
from "bbb-" of State Farm Florida Insurance Co.
The rating agency's ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Downgrade | concerned | Jun 19, 2009, 1:30 pm |
| RE: RE: RE: Downgrade - WCFL didn't read the fine print | Arthro | Jun 18, 2009, 3:45 pm |
| Downgrade | "B" rated Underwriter | Jun 18, 2009, 3:21 pm |
| RE: RE: Downgrade - WCFL didn't read the fine print | WCFL Agent | Jun 18, 2009, 2:43 pm |
| RE: RE: Downgrade | WCFL Agent | Jun 18, 2009, 2:20 pm |
| RE: Downgrade - WCFL didn't read the fine print | Arthro | Jun 18, 2009, 2:19 pm |
| RE: Downgrade | Outside Observer | Jun 18, 2009, 2:07 pm |
| RE: Downgrade | John | Jun 18, 2009, 2:06 pm |
| Downgrade | WCFL Agent | Jun 18, 2009, 1:47 pm |
| Downgrade | John | Jun 18, 2009, 11:39 am |
| Back to article | ||
Subject: RE: Downgrade
Did you really consider your answer before you submitted it? The article says the downgrade was due to diminished premium receipts from the pending shutdown. Not a surprise for a company that said it had to leave the state due to inadequate income to meet loss costs. It also said Reinsurance was in place to cover. If your main objective was to bash State Farm, Good Job! If you wanted to make a valid point, please retry...