financial strength rating News

A.M. Best Revises Outlooks to Stable for Agency Insurance Company of Maryland

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 Upgrades Credit Ratings of Bunker Hill Insurance Group Members

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 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 …

A.M. Best Revises Outlook to Negative for New York’s Country-Wide

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 …

Ratings Outlook for GuideOne Insurance Revised to Negative: A.M. Best

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 Downgrades Golden Insurance, RPG in Nevada

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 …

A.M. Best Downgrades Georgia-Based Century Casualty Co.

A.M. Best has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and the issuer credit rating (ICR) to “bb+” from “bbb-” of Century Casualty Co. based in Alpharetta, Ga. The outlook for the FSR has been …

A.M. Best Reaffirms Chesapeake Employers’ Financial Strength Rating

Chesapeake Employers’ Insurance Company, the largest workers’ compensation insurance company in Maryland, announced that insurance ratings agency A.M. Best Co. has reaffirmed a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” for the company as …

RSA’s S&P Rating Remains Seriously at Risk Even after Second Downgrade

An analysis from Stuart Shipperlee, Analytical Partner at Litmus Analysis, notes that following S&P’s initial downgrade last month, “RSA faced a further risk to its rating without fresh equity. This reflected the fact that even prior to its recent problems …