Meadowbrook Estimates Impairment at $115.4 Million After Downgrade

By Megan Hickey | August 14, 2013

Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. this month, took a provisional impairment of $115.4 million as of June 30 after a review tied to the downgrade.

The figure could be revised, the Southfield, Michigan- based insurer said today in a quarterly filing with regulators that was delayed from last week so the company could conduct its analysis.

 

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Latest Comments

  • January 14, 2014 at 4:31 am
    weigh says:
    Look into how much time you have in order to make your decision. That involves a willingness on the part of scientists to explain their work at every opportunity, and in a lan... read more
  • August 18, 2013 at 4:20 pm
    Skewed up says:
    They have to spin off some portion of the business, preferably the lines they can't reserve correctly (oh wait, that's the whole company). Great example of how an acquisition... read more
  • August 15, 2013 at 4:32 pm
    Atlanta Joe says:
    Not good and well deserved....
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