A.M. Best News

Carriers, Reinsurers Under Review as A.M. Best Changes Credit Rating Methodology

Insurance rating agency A.M. Best announced the publication of the updated Best’s Credit Rating Methodology (BCRM) on Friday, and also announced the names of several insurance and reinsurance groups that the rating agency has put under review. Allstate and American …

A.M. Best Revises Outlook to Positive for Insurance Company of the West

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Insurance Company of the West and its wholly owned subsidiaries, Explorer Insurance …

A.M. Best Upgrades Credit Rating of Farm Bureau Property & Casualty Group in Iowa

A.M. Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of “A” of Farm Bureau Property & Casualty Insurance Co. and Western Agriculture Insurance Co., collectively known as Farm Bureau Property …

A.M. Best Assigns A- Rating to Oklahoma’s Trisura Specialty Insurance

A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Specialty Insurance Co. (Trisura Specialty), based in Oklahoma City. The ratings outlook is stable. Trisura Specialty is a newly …

Global Reinsurers to Bear ‘Significant Share’ of Hurricane Maria Claims: A.M. Best

Ratings agency A.M. Best said it expects a significant share of the loss from Hurricane Maria to pass on to the global reinsurers evenly. The agency said it expects the loss would remain within the overall risk tolerance of most …

A.M. Best Upgrades Prime Insurance Company with an A Rating

Specialty Excess and Surplus Lines Carrier’s Financial Stability Affirmed Chicago, Illinois, Salt Lake City, Utah and Naples, Florida, September 26, 2017- Prime Insurance Company announced today that A.M. Best Co. has upgraded their financial strength rating from A- to A …

Ratings of Illinois’ Prime Insurance Company Upgraded

A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Prime Insurance Company (PIC) in Chicago, Ill. The outlook of these ratings has been revised …

Ratings of Kansas Medical Mutual Insurance Downgraded by A.M. Best

A.M. Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a” of Kansas Medical Mutual Insurance Co. (KaMMCO) in Topeka, Kan. The outlook of …

A.M. Best Revises Outlook to Negative for Pennsylvania’s Eastern Atlantic Insurance

A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Penn.-based Eastern Atlantic Insurance Company (EAIC). The revised outlooks are due …

Typhoon Hato Will Have Limited Financial Impact on Macau Insurers: A.M. Best

Typhoon Hato will have only a moderate impact on the earnings of rated non-life insurers in Macau, and a limited effect on their financial strength, according to A.M. Best. On Aug. 23, 2017, Typhoon Hato (Category 2 on the Saffir-Simpson …