Ratings News

AM Best Puts Credit Ratings of Casualty Underwriters in Utah Under Review

AM Best placed under review with negative implications the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b” (Marginal) of Casualty Underwriters Insurance Co. in Salt Lake City, Utah. The ratings have been placed under …

AM Best Upgrades Credit Ratings of Aspire General in California

AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Aspire General Insurance Co. in Rancho Cucamonga, California. The outlook of these ratings has …

AM Best Revises Outlooks to Negative for Members of Enumclaw in Washington

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Mutual of Enumclaw Insurance Company and Enumclaw Property & Casualty Insurance …

Cannasure Quickly Moving New and Renewal Business from Topa in California

It appears one of the nation’s better known cannabis insurance specialists is having to do some scrambling after AM Best announced it was downgrading the credit ratings of Topa Insurance Co. in Calabasas, California, and its subsidiary, Dorchester Insurance Company …

AM Best Downgrades Credit Ratings of Topa in California

AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+ (Good) from “a-” (Excellent) of Topa Insurance Co. in Calabasas, California, and its subsidiary, Dorchester Insurance Company Ltd. …

Fitch Rates California Earthquake Authority’s New Revenue Bonds ‘A-‘

Fitch Ratings assigned an ‘A-‘ rating to the $500 million revenue bond issuance by The California Earthquake Authority. According to the rating agency, the CEA’s ratings reflect a risk transfer strategy that will set its minimum and maximum aggregate claims-paying …

Fitch Downgrades California Earthquake Authority’s Ratings; Outlook Stable

Fitch Ratings downgraded California Earthquake Authority’s Issuer Default Rating and revenue bond ratings to ‘A-‘ from ‘A’. The Rating Outlook is Stable. The rating action follows the vote of the CEA’s Governing Board to reduce the target claims paying capacity …

Demotech Gives New Kid, Slide, a Top Financial Rating, Thanks to Capital Raised

Slide, a startup insurtech and one of the newest companies to enter the Florida property insurance market, has begun with a favorable financial rating. The Demotech rating firm announced that it has granted Slide a financial stability rating of “A, …

AM Best Revised Outlooks to Positive for Aspire General in California

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Aspire General Insurance Co. in Rancho Cucamonga, California. The ratings reflect …

AM Best: Credit Ratings of Golden Bear in California Under Review with Negative Implications

AM Best placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Golden Bear Insurance Co. in Stockton, Calif. The ratings of Golden Bear were placed under …