A.M. Best ratings downgrade News

A.M. Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “a” of GuideOne Mutual Insurance Co. in West Des Moines, Iowa, and its wholly …

Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a ratings downgrade from A.M. Best. A.M. Best knocked down the A- (Excellent) financial strength ratings to B++ (Good) for both Canal Insurance Co. …