The governing committee of the Workers’ Compensation Insurance Rating Bureau of California on Friday voted unanimously for a special regulatory filing that includes excluding COVID-19 claims from the experience rating and excluding payments to employees who continue to be paid …
Stockton, Calif.-based Golden Bear Insurance Co. announced that its A.M. Best issuer credit rating has been upgraded from “A- VI” to “A- VII” (Excellent). “Our rating reaffirms the deep level of experience among the Golden Bear team in underwriting property …
A.M. Best has downgraded the financial strength rating of Calif.-based Springfield Insurance Co., a carrier focused on workers’ compensation. The financial strength downgrade was to B- (Fair) from B (Fair) and the issuer credit rating was dropped to “bb-” from …
A.M. Best has assigned SCF Arizona and its wholly-owned subsidiaries an A- (Excellent) XII with a “stable outlook” rating. The company’s ratings are an indication of its “solid risk-adjusted capitalization, improving operating performance and prominence within the Arizona workers’ compensation …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of bbb- of Ellington Mutual Insurance Co. (EMIC) of Hortonville, Wis. Best said the rating actions …
The Professional Underwriting Group, Inc. (PUG) will now provide insurance agents and brokers professional liability insurance for insurers earning a rating of “A” or better from Demotech. The insurance offering includes coverage for insolvency to the producer when the market …
Japan’s Meiji Yasuda Life plans to increase its investment in foreign bonds, focusing on dollar debt, with its confidence in U.S. Treasuries unshaken by the threat of a credit downgrade, a top executive said on Tuesday. Japan’s third-largest private life …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. A.M. Best also has affirmed the financial strength ratings (FSR) of A (Excellent) …
