Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Reports Med-Mal Crisis Adding to Health Insurer Woes
Oct 30 2002 // Rising medical-malpractice insurance premiums for doctors and hospitals are adding to already budget-busting medical-cost inflation, according to the special report, “The Impact of the Med-Mal Insurance Crisis on...
A.M. Best Affirms Ratings for Mercury Casualty Group
Oct 29 2002 // A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) for the Mercury Casualty Group (Los Angeles). Also, the financial strength ratings of A- (Excellent) of American Mercury Insurance Group (Oklahoma...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 28 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
Lloyd’s Syndicate Rating at ‘A-‘
Oct 28 2002 // A.M. Best Co. has affirmed the Best’s syndicate rating of “A-” of Lloyd’s syndicate 1243, which is managed by Euclidian Underwriting Limited, U.K. The outlook is stable. The rating reflects the...
A.M. Best Affirms Rating of Tryg-Baltica Insurance
Oct 25 2002 // A.M. Best Co. announced that it has affirmed the A-(Excellent) financial strength ratings of Denmark’s Tryg-Baltica Insurance, International Insurance Company (TBI), and its London-based subsidiary Tryg-Baltica...
A.M. Best Downgrades FPIC Group Rating
Oct 24 2002 // A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of FPIC Insurance Group Inc. (Jacksonville, Fla.). The rating action applies to the group’s four pool members: First...
A.M. Best Downgrades Ratings of Trenwick Group
Oct 21 2002 // A.M. Best Co. has downgraded the financial strength ratings of Trenwick Group Ltd.’s various operating subsidiaries. Concurrent with these actions, the debt ratings relating to securities issued by various holding...
Ratings Roundup: S&P Lowers Eureko; A.M. Best Lowers Gerling and Trenwick
Oct 21 2002 // Standard & Poor’s has lowered its ratings on the Netherlands-based Eureko insurance group to single-‘A’-plus from double-‘A’-minus, while A.M. Best announced that it has lowered its...
A.M. Best Reports Ratings for Travelers Group Unaffected
Oct 17 2002 // A.M. Best Co. said the A++ (Superior) financial strength rating of the Travelers Property Casualty Pool (Hartford, Conn.), the financial strength ratings of the other Travelers Property Casualty Group members, the debt...
A.M. Best Affirms Chubb’s Financial Strength and Debt Ratings
Oct 16 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of The Chubb Corporation’s property/casualty subsidiaries. Additionally, A.M. Best has affirmed the “aa” senior debt ratings of...
A.M. Best Lowers Ratings on GE Global Insurance and Affiliates
Oct 15 2002 // A.M. Best Co. announced that it has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation (ERC) and its affiliated domestic and international non-life and life...
A.M. Best Lowers Ratings for GE Global and Affiliates
Oct 14 2002 // A.M. Best Co. has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation, and its affiliated domestic and international non-life and life reinsurance companies,...
A.M. Best Announces the Addition of Nevada to its State Rate Filings
Oct 10 2002 // A.M. Best Co. announced that it will add the state of Nevada to its monthly publication of Best’s State Rate Filings. This essential publication helps professionals to track and monitor rate-filing activity...
A.M. Best Affirms Cornhill Insurance ‘A++’ (Superior) Rating
Oct 8 2002 // A.M. Best Co. announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, the U.K. subsidiary of Germany’s Allianz Group, with a negative outlook. Best’s report...
Despite Better Pricing, A.M. Best Reports P/C Rating Downgrades Outpace Upgrades
Oct 8 2002 // The property/casualty industry saw a gain in the number of rating downgrades issued by A.M. Best Co. for the second consecutive year, according to the special report, “Rating Downgrades Outpace Upgrades Despite...
A.M. Best E&S Review Reports 35 Percent Increase in Direct Premium Volume
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
A.M. Best Downgrades Rating of Crusader Ins. Co.
Oct 4 2002 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Crusader Insurance Company in Woodland Hills, Calif. The outlook is negative. This rating action follows an Aug. 13, 2002,...
A.M. Best Affirms ‘A-‘ (Excellent) Rating of Corifrance
Oct 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Paris-based Corifrance and assigned it a stable outlook. “The rating reflects the maintenance of an excellent level of financial strength...
A.M. Best Places Rating of Nodak Mutual Group Under Review
Sep 30 2002 // A.M. Best Co. announced that it has placed the financial strength rating of B++ (Very Good) of Nodak Mutual Group (Fargo, ND) under review with negative implications. “The rating action reflects the September 23,...
