A.M. Best ratings downgrade News

Credit Ratings of Illinois’ Governmental Interinsurance Exchange

A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of Governmental Interinsurance Exchange (GIE) in Bloomington, Illinois. The outlooks of these Credit Ratings (ratings) remain …

A.M. Best Downgrades Ratings of Wisconsin County Mutual Group

A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from bbb+ and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Community Insurance Corp. and Wisconsin County Mutual Insurance Corp., collectively referred to as the …

Issuer Credit Rating of Wisconsin’s McMillan-Warner Mutual Downgraded

A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of McMillan-Warner Mutual Insurance Co. (MWM) in Marshfield, Wisconsin. The outlook of the Long-Term ICR …

A.M. Best Withdraws West Virginia National Auto, Downgrades Ratings

A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and Long-Term Issuer Credit Rating to “bb-” from “bb” of West Virginia National Auto Insurance Co. (Morgantown, WV). The outlooks of these Credit Ratings are negative. …

A.M. Best Downgrades GuideOne Insurance Companies’ Credit Ratings

A.M. Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “a” of GuideOne Mutual Insurance Co. in West Des Moines, Iowa, and its wholly …

A.M. Best Lowers Ratings for Transportation Insurer Canal Insurance of South Carolina

Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a ratings downgrade from A.M. Best. A.M. Best knocked down the A- (Excellent) financial strength ratings to B++ (Good) for both Canal Insurance Co. …