A.M. Best Co. has placed the “B+” (Very Good) rating of Atlantic Preferred Insurance Company (Tampa, Fla.), under review with negative implications. This action reflects the decline in surplus recorded in the third quarter of 2004 due to significant catastrophe activity and the deteriorated risk-adjusted capitalization of its affiliate, Southern Family Insurance Company. Accordingly, A.M. Best believes the overall financial flexibility of the organization has been negatively impacted.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ From This Issue
