A.M. Best News

A.M. Best: Texas Hail Storm Damage Poised to Exceed 9-Year U.S. Average

A.M. Best says year-to-date 2016 results in Texas alone appear to have already met the nine-year average for hail storm damage in the United States. According to Best’s Briefing, titled, “Texas Hail Storm Damage Poised to Exceed Nine-Year Average—And It’s …

Ratings of State Automobile Mutual Insurance Co. and Subs Affirmed

A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) and its operating subsidiaries. Concurrently, A.M. Best has affirmed the ICR of …

A.M. Best: Ratings of National Unity Insurance Downgraded, Withdrawn

A.M. Best reported it has both downgraded and withdrawn the ratings for National Unity Insurance Company (National Unity) in San Antonio, Texas. National Unity specializes domestic non-standard auto business, as well as  in insuring Mexican cars and commercial trucks traveling …

Catastrophe Exposure Grows with Selective Use of Alternative Capital: A.M. Best

Insurers in the London, Europe and Bermuda markets writing catastrophe-exposed business take a different approach to retention of risk at the 1-in-100-year return level in comparison to the 1-in-250-year level, according to report published by A.M. Best. At the lower …

Outlook for Columbia Insurance Revised to Stable: A.M. Best

A.M. Best has revised the outlooks to stable for Columbia Insurance Group (Columbia) and its subsidiaries. Additionally, the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” are reaffirmed. According to A.M. Best, the outlook revisions to …

Outlook for National Lloyds Insurance Revised to Stable

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a” of National Lloyds Insurance Co. (National Lloyds). Additionally, A.M. Best has affirmed the …

Outlook for Michigan Farm Bureau Group Revised to Positive

A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb+” of Farm Bureau Mutual Insurance Co. of Michigan and Farm Bureau General Insurance Co. of Michigan, which are …

Reinsurers’ Results Are Strong – but Can Good Fortune Continue? Asks A.M. Best

Reinsurers have been delivering solid operating results, with publicly traded reinsurers currently outpacing the overall equity market – but this good fortune may not be sustainable, given the headwinds that are buffeting the industry, according to a report published by …

Ratings of Minnesota’s Rural Community Insurance Upgraded: A.M. Best

A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn. …

Oklahoma Farm Bureau Mutual Insurance Co., Subsidiary Upgraded

A.M. Best has upgraded the financial strength rating to B (Fair) from B- (Fair) and the issuer credit rating to “bb+” from “bb-” for the members of the Oklahoma Farm Bureau Group: Oklahoma Farm Bureau Mutual Insurance Co. and its wholly owned subsidiary, AgSecurity Insurance …