Ratings News

Fitch Rates California Earthquake Authority’s New Revenue Bonds ‘A-‘

Fitch Ratings assigned an ‘A-‘ rating to the $500 million revenue bond issuance by The California Earthquake Authority. According to the rating agency, the CEA’s ratings reflect a risk transfer strategy that will set its minimum and maximum aggregate claims-paying …

Fitch Downgrades California Earthquake Authority’s Ratings; Outlook Stable

Fitch Ratings downgraded California Earthquake Authority’s Issuer Default Rating and revenue bond ratings to ‘A-‘ from ‘A’. The Rating Outlook is Stable. The rating action follows the vote of the CEA’s Governing Board to reduce the target claims paying capacity …

Demotech Gives New Kid, Slide, a Top Financial Rating, Thanks to Capital Raised

Slide, a startup insurtech and one of the newest companies to enter the Florida property insurance market, has begun with a favorable financial rating. The Demotech rating firm announced that it has granted Slide a financial stability rating of “A, …

AM Best Revised Outlooks to Positive for Aspire General in California

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Aspire General Insurance Co. in Rancho Cucamonga, California. The ratings reflect …

AM Best: Credit Ratings of Golden Bear in California Under Review with Negative Implications

AM Best placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Golden Bear Insurance Co. in Stockton, Calif. The ratings of Golden Bear were placed under …

AM Best Downgrades Casualty Underwriters Insurance in Utah

AM Best downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Casualty Underwriters Insurance Co. in Salt Lake City, Utah. The outlook of the ratings …

AM Best Revises Outlook to Stable for Topa in California

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 Topa Insurance Co. in Calabasas, Calif. and its subsidiary, Dorchester Insurance …

AM Best Upgrades Capital Insurance Group in California

Monterey, Calif.-based Capital Insurance Group has been upgraded by AM Best. CIG received a rating of A (Excellent) from A- (Excellent). AM Best stated: “Concurrently, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term …

AM Best Assigns Ratings to Accredited Specialty Insurance in Arizona

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Accredited Specialty Insurance Co. in Phoenix, Ariz. The outlook assigned to these Credit Ratings (ratings) is stable. …

PrimeOne Insurance Co. in Utah Has Ratings Outlooks Revised to Stable

AM 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 PrimeOne Insurance Co. in Salt Lake City, Utah. The Credit Ratings reflect …