A.M. Best outlook News

A.M. Best Revises Outlooks to Negative for Georgia Farm Bureau Group Members

A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau Mutual Insurance Company (GFBMIC ) and …

A.M. Best Downgrades Ratings of Southern General Insurance Co.

A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Southern General Insurance Co. (SGIC) of Marietta, Ga. The outlook for both ratings is negative. The …

P/C Insurers’ Combined Ratio for 2011 Estimated at 107.5%

The U.S. property/casualty (P/C) industry reported its largest underwriting loss since 2006 and saw its operating performance deteriorate sharply in 2011, as catastrophe-related losses throughout the year wreaked havoc. Insurers were affected by an unprecedented number of natural catastrophe events …