A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn. …
Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two crop businesses, which are collectively known as …
Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting insurance policies. Wells Fargo has …
A.M. Best has affirmed the financial strength rating of ‘A++’ (Superior) and the issuer credit ratings of “aa+” of Omaha-based Berkshire Hathaway Homestate Insurance Company, and its five property and casualty affiliates: Cypress Insurance Company (San Francisco, CA), Oak River …
