Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Raises American Contractors
Jun 13 2002 // A.M. Best has raised Dallas-based American Contractors Insurance Group’s (ACIG) financial strength rating from “A-” to “A.” A.M. Best based the rating on the financial condition and...
A.M. Best Affirms ‘A-‘ Rating for Comercial America
Jun 12 2002 // A.M. Best Co. affirmed an “A-” financial strength rating for Comercial America Insurance Company, a Houston-based unit of ING’s Mexican insurer, ING Comercial America S.A. de C.V. Comercial focuses on the...
A.M. Best Lowers Ratings on AXA’s Corporate Solutions Units
Jun 10 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of the members of the France’s AXA Group Corporate Solutions units (AXACS). Best’s bulletin cited...
A.M. Best to Present E-Fusion Award
Jun 7 2002 // A.M. Best Co. will present the E-Fusion Award, designed to highlight outstanding, resourceful uses of Internet technology by an insurance organization, during its Annual Insurance & Technology Conference,...
A.M. Best Downgrades OPL to ‘B++’ (Very Good)
Jun 3 2002 // A.M. Best announced that it has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Overseas Partners Ltd. (OPL) Bermuda, and removed the company from under review. It indicated that the...
A.M. Best Affirms FM Global Rating
May 31 2002 // A.M. Best has affirmed insurer FM Global’s A+ (superior) rating due to “the group’s superior capitalization, prominent market position within the commercial property market and the long- term benefits to...
A.M. Best Publishes Rating Methodology for Single-Parent Captive Companies
May 13 2002 // In order to address the continuing development and expanding growth of the captive market, A.M. Best has published rating methodology specific to single-parent captive insurance companies. A.M. Best’s analysts...
State Fund Withdraws from Best’s Rating Process
May 13 2002 // “In essence, we’d like to assure all of our policyholders that we are solvent, that we’re still financially strong,” said Jim Zelinski, spokesperson for California State Compensation Insurance Fund,...
A.M. Best Downgrades Horace Mann Ratings
May 10 2002 // A.M. Best Co. has assigned an initial debt rating of “bbb+” to Horace Mann Educators Corporation’s Springfield, Ill., existing $100 million senior notes due 2006. In addition, A.M. Best assigned a...
A.M. Best Moves Rating of Caliber One to Review
May 7 2002 // A.M. Best Co. has placed the financial strength rating of A (Excellent) for Caliber One Indemnity Company, Wilmington, Del., under review with negative implications. The rating action follows the May 1, earnings release of...
A.M. Best Withdraws Rating of State Comp Ins. Fund
May 2 2002 // A.M. Best Co. has withdrawn the financial strength rating of B- (Fair) of State Compensation Insurance Fund of California, San Francisco, and assigned it an NR-4 (Company Request). The rating action is in response to...
A.M. Best Affirms Lloyd’s ‘A- (Excellent)’ Rating
Apr 23 2002 // A.M. Best announced that it has maintained the A- (Excellent) financial strength rating of the Lloyd’s market “after the recent announcement of a 2001 loss of GBP 3.11 billion [$4.5 billion], on an annually...
A.M. Best Lowers Ratings on I.P.C. Group
Apr 18 2002 // A.M. Best announced that it has downgraded the financial strength rating to C (Weak) from B+ (Very Good) of the Bermuda-based I.P.C. Group, and removed the ratings from under review. Group operations affected include:...
A.M. Best Downgrades Realm National to C++ (Marginal)
Apr 10 2002 // A.M. Best announced that it has downgraded the financial strength rating to C++ (Marginal) from B+ (Very Good) of Realm National Insurance Company, New York, and has assigned it a negative outlook. “The rating action...
A.M. Best Study Shows Property and Liability Lines Had Major New Risk Exposure in 2001
Apr 10 2002 // In a recent statistical analysis, A.M. Best Co. released its preliminary 2001 financial results on the property/casualty industry, which reports that property and liability lines had significant new risk exposure in...
A.M. Best, S&P’s Change Ratings on Legion Insurance, Villanova Insurance
Apr 3 2002 // A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from B (Fair) for Legion Insurance Company and Villanova Insurance Company, Pa. The downgrade is tied in to the March 29...
A.M. Best Lowers Rating for AFL Insurance
Mar 29 2002 // A.M. Best Co. announced that it has lowered the financial strength rating to B+ (Very Good) from B++ (Very Good) for AF&L Insurance Company of Warrington, Pennsylvania with a stable outlook. Best explained that its...
A.M. Best Lowers Rating for Crusader Insurance, Assigns Negative Outlook
Mar 28 2002 // A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) for California-based Crusader Insurance Co., Woodland Hills, Calif., and assigned it a negative outlook. The rating action...
A.M. Best, SP Affirm Ratings on ZFS
Mar 26 2002 // Despite its current difficulties – repeated profit warnings, a $387 million net loss last year, the need to replace its CEO, etc.- the rating agencies don’t appear to have lost overall confidence in the basic...
A.M. Best Downgrades MIIX to C+ (Marginal), CEO Says Situation Has Stabilized
Mar 25 2002 // A.M. Best Co. announced that it has further downgraded the financial strength rating to C+ (Marginal) from B- (Fair) for MIIX Group, Lawrenceville, New Jersey, with the outlook continuing to be negative. The rating action...
