Auto Club Michigan News

A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “a-” from “a” of Auto Club Insurance Association (ACIA), headquartered in Dearborn, Michigan, and its insurance subsidiaries. …

Standard & Poor’s Ratings Services announced that its ratings on Allstate Corp. (A-/Stable/A-2) and its operating subsidiaries “are not affected by the announcement that Allstate is exiting the banking business. As part of this transaction, approximately $1 billion in the …