A.M. Best Co. News

Federated Rural Electric Insurance Exchange Rating Upgraded

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” of Federated Rural Electric Insurance Exchange (FREIE or the Exchange) in Lenexa, Kan. The outlook for both …

A.M. Best: Outlook Negative for Columbia Mutual Insurance Co.

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Columbia Mutual Insurance Co. (Columbia), Columbia, Mo., and its insurance subsidiaries. …

Ratings Assigned to Bearing Midwest Casualty, Horizon Midwest Casualty

A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and issuer credit rating of “a-” to Bearing Midwest Casualty Co. (Bearing) and Horizon Midwest Casualty Co. (Horizon). The outlook assigned to these ratings is stable. Concurrently, …

A.M. Best Affirms Ratings of Michigan’s Ally Insurance Group Members

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit ratings of “bbb” of Motors Insurance Corp. and its reinsured subsidiaries, MIC Property and Casualty Insurance Corp. and CIM Insurance Corp., collectively referred to as …

A.M. Best Downgrades McMillan-Warner Mutual Insurance Ratings

A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb+” from “a-” of McMillan-Warner Mutual Insurance Co. (MWM) of Marshfield, Wis. The outlook for both ratings has been …

A.M. Best Upgrades Issuer Credit Ratings of Vermont Mutual Insurance

A. M. Best Co. said it has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Vermont Mutual Insurance Company and its two fully reinsured subsidiaries, Northern Security Insurance …

Issuer Credit Ratings of Grinnell Mutual Reinsurance Co. Downgraded

A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of A (Excellent) of Grinnell Mutual Reinsurance Co. (Grinnell) and its subsidiary, Grinnell Select Insurance Co. Both are headquartered …