April 17, 2025
AM Best has revised the outlooks to negative from stable of Loudoun Mutual Insurance Co. of Waterford, Virginia based on the “deterioration in Loudoun’s underwriting and operating performance” in recent years and corresponding “decline in overall risk-adjusted capitalization.” At the …
May 31, 2024
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of workers’ compensation specialist Maine Employers’ Mutual Insurance Co. in Portland, Maine …
August 7, 2023
The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather losses as well as law enforcement liability costs. “AMIC’s law enforcement liability segment has been impacted by claims going to …
March 14, 2023
The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity Co., has raised new questions about the subsidiaries’ and their parent company’s financial picture. AM Best last week posted a …
October 6, 2022
AM 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+” (Good) of Aegis Security Insurance Co., based in Harrisburg, Pennsylvania. …
June 14, 2016
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of C++ (Marginal) and the issuer credit rating of “b” of Farmers Alliance Mutual Insurance Co. (Farmers Alliance Mutual) in Coldwater, Mich. The revised …
February 19, 2016
Standard & Poor’s Ratings Services has affirmed its ‘AA+’ financial strength and long-term counterparty credit ratings on Berkshire Hathaway Inc.’s (BRK) operating insurance subsidiaries. The ratings apply to National Indemnity Co., Government Employees Insurance Co., General Reinsurance Corp., all related …
May 17, 2013
Warren Buffett’s Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor’s, which cited a new methodology for evaluating insurers and Berkshire’s dependence on its insurance business for dividend income. The rating was cut to “AA” …
January 21, 2013
A. M. Best Co. said it has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Vermont Mutual Insurance Company and its two fully reinsured subsidiaries, Northern Security Insurance …
July 18, 2011
Standard & Poor’s Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the U.S. debt ceiling and cut …