A.M. Best News

Ratings Assigned to Iowa’s Midwest Family Advantage Insurance

A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook assigned to these ratings is stable. Concurrently, A.M. …

A.M. Best Removes Pacific Compensation Insurance in California from Review

A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Thousand Oaks, Calif.-based Pacific Compensation Insurance Co. The outlook …

The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law

Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less annually as a result of what U.S. Treasury Secretary Steven T. Mnuchin …

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. …

Reinsurance Price Hikes May Be Short-Lived as Capacity Is Abundant

While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018. In a new …

Outlooks Revised to Positive for Missouri Valley Mutual Insurance

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, …

A.M. Best Downgrades Credit Ratings of California Capital and Subsidiaries

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 California Capital Insurance Co. and its wholly owned subsidiaries: Eagle West Insurance Company, Nevada Capital …

A.M. Best Removes Michigan’s Conifer Holdings, Subsidiaries from Under Review

A.M. Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Birmingham, Michigan-based Conifer Insurance Co. (Conifer). Also confirmed were …

A.M. Best Upgrades Pennsylvania’s Farmers Mutual Fire Insurance

A.M. Best has upgraded the Financial Strength Rating of Farmers Mutual Fire Insurance Company of Marble, Penn., to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-“. The outlooks of these Credit Ratings have …

Issuer Credit Rating of Ohio’s Affinity Mutual Insurance Co. Downgraded

A.M. Best announced it has 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 Affinity Mutual Insurance Co. (AMIC) in Lima, Ohio. The outlook of …