The financial strength rating (FSR) of the California State Automobile Association Inter-Insurance Bureau was downgraded from “A+” to “A” by A.M. Best. Best indicated that the downgrade reflected a downturn in the Bureau’s post-dividend operating earnings in recent years. In addition, Best said it expected the restoration of profitability levels relative to “A+” standards to be a challenge to the Bureau in the near term. However, the Bureau maintains outstanding financial strength and remains a dominant personal auto market presence in its selected operating territories, specifically in California.
Topics California Auto
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch From This Issue
