A.M. Best Downgrades Michigan Millers Mutual Insurance Co.

January 27, 2010

  • January 28, 2010 at 5:13 am
    concerned says:
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    Best needs to do something about Illinois Casualty, West Bend, and Cincinnati. Carriers that have been riding with negative implications for more than a year, or have very poor results. the word on the street is that west bend had a 110 combined again in 2009, and this is the 3rd or 4th year that they’ve been well over 100. They recently brought in 3 new executives to fix the ship, but that doesn’t excuse BEST from not taking action. Cincy never did take their full hit from BEST after they lost tens of millions in their investment portfolio. IL Casualty has been B+, and not getting stronger. Agents putting business with IL Casualty should have their professional and moral composition questioned.



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