Ratings News

Pennsylvania’s Workpartners Maintains Excellent Rating from A.M. Best

Workpartners, which is part of UPMC Insurance Services, has retained its financial strength rating of A- (Excellent) with a stable outlook from A.M. Best. The A- (Excellent) rating with a stable outlook applies to UPMC Workers’ Compensation Group, which includes …

AM Best Downgrades Issuer Credit Rating of Crusader in California

AM Best has downgraded the Long-Term Issuer Credit Rating to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++ (Good) of Crusader Insurance Co. The outlook of the Long-Term ICR has been revised to stable from negative while …

AM Best Revises Status to Developing for California Capital Insurance Co. and Subsidiaries

AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its subsidiaries. …

AM Best Downgrades Ratings of Mercury in California, Wildfires a Factor

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los Angeles, Calif.-based Mercury Casualty Group. The record wildfires …

A.M. Best Upgrades Workers’ Comp Carrier ICW Group in California

A.M. Best Company has upgraded the Financial Strength Rating of San Diego, Calif.-based ICW Group Insurance Cos. to “A” (Excellent) from a “Stable” outlook. A.M. Best said its ratings reflect the company’s balance sheet strength as well as its solid …

A.M. Best Revises Outlooks to Stable for Aspire General in California

A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Aspire General Insurance Co. in Rancho Cucamonga, Calif. Aspire General is a …

A.M. Best Downgrades Ratings of Pacific Specialty Insurance Group in California

A.M. Best has downgraded the Financial Strength Ratings to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” from “a” of Pacific Specialty Insurance Co. and Pacific Specialty Property and Casualty Co., collectively referred to as …

A.M. Outlook Revised to Positive for Grinnell Mutual Reinsurance, Subsidiary

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” of Grinnell Mutual Reinsurance Co. and …

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 …

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 …