A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” for Farm Bureau County Mutual Insurance Company of Texas (County Mutual).
These ratings have been removed from under review with positive implications and assigned a stable outlook.
These rating actions reflect a revised 100 percent quota share reinsurance agreement between County Mutual and Texas Farm Bureau Casualty Insurance Company, as well as a capital contribution. Both companies are domiciled in Waco, Texas.
Source: A.M. Best, www.ambest.com/ratings.
Topics Texas Agribusiness AM Best
Was this article valuable?
Here are more articles you may enjoy.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
