negative outlook News

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 …

A.M. Best Revises Outlook to Negative for New York’s Country-Wide

A.M. Best has revised its outlook to negative from stable for Country-Wide Insurance Company, a family-owned auto insurance company based in New York, N.Y. A.M. Best also affirmed Country-Wide’s Financial Strength Rating of C+ (marginal) and its Long-Term Issuer Credit …

Ratings Outlook for GuideOne Insurance Revised to Negative: A.M. Best

A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the members of the GuideOne Insurance Companies (GuideOne). The …

A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance

A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co.. The move comes as Lancer Insurance’s underwriting performance declined in the past several years, particularly in 2015. This can primarily …

Outlook for Farmers Alliance Mutual Insurance Revised to Negative

A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of C++ (Marginal) and the issuer credit rating of “b” of Farmers Alliance Mutual Insurance Co. (Farmers Alliance Mutual) in Coldwater, Mich. The revised …

Best Maintains Negative Outlook on Global Reinsurance Sector

A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into …

A.M. Best Turns Outlook to Negative for Greenpath in California

A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Greenpath Insurance Co. in Rancho Cordova, Calif. Greenpath provides non-standard auto insurance throughout …

Outlook Revised to Negative for Badger Mutual Insurance; A- Rating Affirmed

A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Badger Mutual Insurance Company (Badger Mutual), of Milwaukee, Wis. The revised outlook reflects Badger …

Best Downgrades Meadowbrook and Subs Issuer Credit Rating; Affirms FSR

A.M. Best has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) for the subsidiaries of Michigan-based Meadowbrook Insurance Group, Inc. (MIGI), which operate under an intercompany reinsurance pooling …