The financial strength rating (FSR) of the California State Automobile Association Inter-Insurance Bureau was downgraded from “A+” to “A” by A.M. Best. Best indicated that the downgrade reflected a downturn in the Bureau’s post-dividend operating earnings in recent years. In addition, Best said it expected the restoration of profitability levels relative to “A+” standards to be a challenge to the Bureau in the near term. However, the Bureau maintains outstanding financial strength and remains a dominant personal auto market presence in its selected operating territories, specifically in California.
Topics California Auto
Was this article valuable?
Here are more articles you may enjoy.
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Florida Senate President Says No Major Insurance Changes This Year 
What Analysts Are Saying About the 2026 P/C Insurance Market From This Issue
