Standard & Poor’s Ratings Services said lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from “Aapi.”
In addition, S&P’s lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau’s subsidiary, FB Insurance Co. (FB), to “BBBpi” from “Api.”
Kentucky Farm Bureau and FB mainly write private passenger auto liability coverage and auto physical damage, distributed primarily by direct marketing. Headquartered in Louisville, Ky., they are licensed only in Kentucky.
Topics Agribusiness Kentucky
Was this article valuable?
Here are more articles you may enjoy.
Florida Senate President Says No Major Insurance Changes This Year 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
