A.M. Best ratings downgrade News

AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group

AM Best has 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 PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …

AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …

AM Best Downgrades, Withdraws Credit Ratings of Conifer Insurance Group

AM Best downgraded the Financial Strength Rating to C (Weak) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “ccc” (Weak) from “bbb-” (Good) of Conifer Insurance Co. and White Pine Insurance Co. They are subsidiaries of …

AM Best Downgrades Wisconsin’s Acuity

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “aa” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Acuity, A Mutual Insurance Company (Acuity) based in Sheboygan, Wisconsin. The outlook …

AM Best Downgrades Credit Ratings of Michigan’s Wolverine

AM Best has 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 Wolverine Mutual Insurance Company, based in Dowagiac, Michigan. The outlook of these Credit …

AM Best Downgrades Credit Rating of Louisiana Farm Bureau

AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) (Baton Rouge, LA). The …

Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade

American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well as flood coverage, had its Demotech rating withdrawn and was downgraded by AM Best. Demotech announced March 5 that it had withdrawn American …

Ratings of Missouri’s Cameron Mutual Insurance Downgraded

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” from “bbb-” of Cameron Mutual Insurance Co. (Cameron Mutual) in Cameron, Missouri. The outlook of these ratings remains …

Credit Ratings of Illinois’ Governmental Interinsurance Exchange

A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of Governmental Interinsurance Exchange (GIE) in Bloomington, Illinois. The outlooks of these Credit Ratings (ratings) remain …

A.M. Best Downgrades Ratings of Wisconsin County Mutual Group

A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from bbb+ and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Community Insurance Corp. and Wisconsin County Mutual Insurance Corp., collectively referred to as the …