am best ratings review News

AM Best Revises Under Review Status to Positive for Farm Bureau of Arkansas

AM Best has revised the implications of the under review status to positive from developing for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Farm Bureau Mutual Insurance Company of Arkansas, …

AM Best Revises Outlook to Stable for American Family Mutual and Core Affiliates

AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of American Family Mutual Insurance …

AM Best Removes Ratings of Oklahoma’s Sutton Specialty From Under Review

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Sutton Specialty Insurance Company (Sutton Specialty) (Oklahoma City, OK), …

AM Best Removes Ratings of Louisiana’s Gray Casualty & Surety from Under Review

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Gray Casualty & Surety Co. (GCSC), based in Metairie, Louisiana. …

Ratings of Hallmark Financial Services, Subsidiaries Under Review

AM Best has placed under review with developing implications the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” and the Long-Term Issue Credit Rating (Long-Term IR) of Dallas-based Hallmark Financial Services Inc. (Hallmark Financial). Concurrently, AM Best has placed under …

COVID-19 Takes Toll on Canada’s Auto, Life Insurers

Canada’s property/casualty insurance industry thus far has fared better than its life counterpart amid the economic and market dynamics created by the COVID-19 pandemic, according to an AM Best report. In its Best’s Market Segment Report, titled, “COVID-19 Taking Its …

Credit Ratings of National Lloyds, American Summit Insurance Under Review

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Texas-based National Lloyds Insurance Co. (National Lloyds). Concurrently, AM Best has placed under …