Standard & Poor’s Ratings Services said lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from “Aapi.”
In addition, S&P’s lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau’s subsidiary, FB Insurance Co. (FB), to “BBBpi” from “Api.”
Kentucky Farm Bureau and FB mainly write private passenger auto liability coverage and auto physical damage, distributed primarily by direct marketing. Headquartered in Louisville, Ky., they are licensed only in Kentucky.
Topics Agribusiness Kentucky
Was this article valuable?
Here are more articles you may enjoy.
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
