Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best Revises Outlooks to Negative for Pennsylvania’s Farmers
Nov 13 2019 // AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of “bbb-” of Farmers Mutual Fire Insurance Company of...
AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit
Nov 8 2019 // AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative implications. These actions are a reaction to the sudden departure of Mark E. Watson III,...
A.M. Best Says Insurers Challenged by ‘New Normal’ of California Wildfires
Oct 31 2019 // While the number of burned acres in 2019 is still well below the number reported last year through October, experts predict the greatest fire potential will occur from now through December as the Santa Ana winds pick up,...
A.M. Best Won’t Publish Its Carrier Innovation Scores At First
Oct 25 2019 // A.M. Best plans to start assessing innovation as part of the credit rating methodology it uses to evaluate carriers in the first half of 2020, Chief Rating Officer Stefan Holzberger said. The initiative, disclosed earlier...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three...
Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best
Oct 18 2019 // The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels,...
AM Best Upgrades Credit Rating of Illinois’ American Heartland Insurance
Oct 10 2019 // AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “ccc-” from “cc” and affirmed the Financial Strength Rating (FSR) of C- (Weak) of American Heartland Insurance Co....
AM Best: Outlooks Revised to Positive for Texas’ Columbia Lloyds Companies
Oct 8 2019 // 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+” of Columbia Lloyds Insurance Co. and MDOW...
AM Best Revises Outlooks to Positive for New Hampshire’s Concord Group
Sep 27 2019 // AM Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A (excellent) and the long-term issuer credit ratings (ICRs) of a+ for New Hampshire-based Concord...
AM Best Report: Credit Ratings of Farm Bureaus Remain Favorable
Sep 26 2019 // AM Best-rated farm bureaus within the U.S. property/casualty (P/C) insurance segment have experienced steady growth in net premiums written (NPW) in the past decade, unlike their life/annuity (L/A) counterparts, which have...
Ratings of First Chicago Insurance, United Security Health and Casualty Upgraded
Sep 25 2019 // Ratings agency AM Best has upgraded the Financial Strength Rating (FSR) to B- (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” from “b+” of First Chicago...
AM Best Revises Outlooks to Negative for Quincy Mutual Group Members
Sep 23 2019 // AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A+ (superior) and the long-term issuer credit ratings of aa- for the members of Quincy Mutual Group. The group includes...
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty
Sep 20 2019 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable. The...
AM Best Assigns Credit Ratings to Indiana’s Rock Ridge Insurance
Sep 6 2019 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Rock Ridge Insurance Co. (Rock Ridge) in North Danville, Indiana. The outlook assigned to the...
5 New Insurance Companies OK’d to Do Business in Arkansas
Sep 4 2019 // Arkansas Insurance Commissioner Allen Kerr has approved five new insurance companies to operate in the state, bringing to 103 the number of new insurance companies approved since January 2015, according to the Arkansas...
First-Half 2019 Records Drop in P/C Insurers’ Underwriting Income; Downgrades Outpace Upgrades: A.M. Best
Sep 2 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
P/C Insurers’ First-Half Underwriting Income Drops; Downgrades Outpace Upgrades: A.M. Best
Aug 26 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
AM Best Revises Outlooks to Stable for Georgia Farm Bureau Group Members
Aug 13 2019 // AM Besthas revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Ratings of “bbb-” of Georgia Farm Bureau Mutual Insurance Co. and...
AM Best Assigns Ratings to Reamstown, Affirms Ratings of Goodville
Aug 12 2019 // AM Best has assigned a financial strength rating (FSR) of A (excellent) and the long-term issuer credit rating (long-term ICR) of “a+” to Reamstown Mutual Insurance Company. The outlook assigned to these credit...
AM Best Upgrades Credit Rating of State Farm Florida Insurance Co.
Aug 7 2019 // AM Best has upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICR to “a-” from “bbb+” of State Farm Florida Insurance Co. (State Farm Florida) based in Winter Haven, Fla. The...
