Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
P/C Industry Combined 1st Half Ratio Hits 109.2 in 2000,
Sep 11 2000 // Despite a recent hardening of prices in the property/casualty industry, underwriting performance worsened during the first half of 2000, according to A.M. Best Co.’s six-month report. The industry’s average...
A.M. Best Revises Outlook on PXRE
Aug 23 2000 // While it affirmed the PXRE Group’s overall A (Excellent) rating, A.M. Best nevertheless revised the outlook for PXRE Reinsurance Co. and Transnational Insurance Co. to negative due to a number of recent adverse...
A.M. Best Downgrades Reliance to C
Aug 17 2000 // A.M. Best has downgraded the financial strength rating of Reliance Insurance Group, New York, from B to C and revised its under review status from developing to negative. The action follows the release of second-quarter...
Reliance Downgraded by A.M. Best
Jul 17 2000 // A.M. Best Co. has downgraded the financial strength rating of Reliance Insurance Group, New York, to B (Fair) from B++ (Very Good). The property/casualty group’s rating remains under review with developing...
A.M. Best Downgrades 14 Life, Health Units of Conseco
Jun 16 2000 // A.M. Best Co. has downgraded the financial strength ratings of 14 life and health insurance subsidiaries of Conseco Inc., based in Carmel, Ind., to B++ from A-. The financial strength ratings of Frontier National Life...
Admiral Insurance Co. Ratings Lowered by A.M. Best
Jun 15 2000 // A.M. Best Co. has lowered the financial strength rating of Admiral Insurance Co. and its reinsured subsidiary Admiral Indemnity Co. Together, these companies are the flagship operation of W.R. Berkley Corp.’s...
A.M. Best Downgrades Reliance, Reliance Disagrees with Rating Action
Jun 9 2000 // Following an evaluation of the group’s worse-than-expected first quarter underwriting results and unfavorable operating trends, A.M. Best Co. downgraded the financial strength rating of Reliance Insurance Group from...
Progressive Ratings Lowered by A.M. Best
Jun 6 2000 // A.M. Best has lowered the financial strength rating of the Progressive Casualty Pool to A + from A++, reflecting the group’s downturn in its operating earnings, intense price competition in its predominant personal...
A.M. Best Completes Year-End Review Of Calif. Workers’ Comp Carriers
May 30 2000 // A.M. Best Co.’s year-end review of insurance carriers with concentrated exposure to the volatile California workers’ comp market culminated in the downgrades of three large carriers in this market over the past...
A.M. Best Downgrades Ohio Casualty Group
May 16 2000 // A.M. Best Co., one of the nation’s largest rating agencies, has downgraded the financial strength rating of the Ohio Casualty Group to A (Excellent) from A+ (Superior). The rating change reflects the group’s...
Lloyd’s Keeps A.M. Best’s A (Excellent) Rating With Continued Negative Outlook
May 2 2000 // The losses at Lloyd’s, actual and projected, were not deemed serious enough, as yet, to warrant any change in Lloyd’s A (Excellent) rating by A.M. Best. It affirmed Lloyd’s capital strength, based on the...
A.M. Best Lowers Conseco Ratings
May 1 2000 // Following the resignation of two key Conseco executives on Friday, A.M. Best has lowered the financial strength ratings for the company’s leading life and health subsidiaries to A-minus from A. The ratings will...
Frontier’s A.M. Best Ratings Take a Slide
May 1 2000 // In a rating action taken on April 21, A.M. Best Co. again downgraded the financial strength ratings of all Frontier Insurance Group Inc. (Frontier) insurance subsidiaries (Frontier Insurance Co., United Capitol Insurance...
Frontier Downgraded by A.M. Best
Apr 24 2000 // The financial strength rating of Frontier Insurance Group and its subsidiaries has been downgraded from B to C++, reflecting the group’s increased financial vulnerability stemming from additional losses incurred as...
WORKERS’ COMP MARKET OVERVIEW
Apr 3 2000 // CALIFORNIA STILL CRAZY AFTER ALL THESE YEARS By Sky Barnhart “After five years of product being given away, it’s a crazy, crazy market, and it’s put a lot of people on the producers’ side out of...
A.M. Best Reports P/C Industry Shrinks
Feb 1 2000 // The number of independent property/casualty insurance groups increased from 8 percent to 10 percent in 1999, according to a study by A.M. Best Co. Best expects one-third of the remaining groups to lose what it calls...
