According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength …
The number of rated property/casualty personal lines insurers that had their credit ratings downgraded by AM Best more than doubled to 21 in the first-half of 2023, compared to 10 in first-half 2022. Additional downgrades of 10 commercial insurers and …
Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month. In a special report titled “Insurers Leverage Innovation for Financial Strength,” published in mid-March, …
The Providence Mutual Fire Insurance Co. has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said its decision to downgrade the insurer’s financial strength rating to “B++” (Good) from “A-” (Excellent) comes even as the insurer …
A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ for Agency Insurance Company of Maryland Inc. (AIC), based in Hanover, Md. The …
A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a- from bbb for the members of Bunker Hill Insurance Group. The outlook of the Long-Term …
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 …
A.M. Best has revised its outlook to negative from stable for Country-Wide Insurance Company, a family-owned auto insurance company based in New York, N.Y. A.M. Best also affirmed Country-Wide’s Financial Strength Rating of C+ (marginal) and its Long-Term Issuer Credit …
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the members of the GuideOne Insurance Companies (GuideOne). The …
A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to “bb-” from “bb” of Nevada-domiciled Golden Insurance Company, A Risk Retention Group. Concurrently, A.M. Best has placed the Credit …
