Following the release of third-quarter 2000 earnings by the General Agents Group, the company’s FSR was lowered from ‘A’ to ‘A-‘ by A.M. Best, which noted that the downgrade reflected a decrease in the company’s capitalization into the lower range and an erosion of historical earnings. Although a restoration of earnings and capital to the ‘A’ range would seem, in Best’s opinion, difficult in the near-term, it was noted that General Agents Group’s capitalization remains excellent.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Troubled Alabama City Loses its Liability Insurance Coverage 
Police Am-Bush Catches 74 Drivers Using Cell Phones 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal From This Issue
