Western General Insurance Co. News

Canada’s Economical Simplifies Business Structure as It Gets Ready to Go Public

Waterloo, Ontario-based Economical Insurance is moving to a simpler legal entity structure as it continues its journey to become a public company. Currently, Assurance Economical in Quebec is underwritten by The Missisquoi Insurance Co.; Economical Select group car and home …

Western General Downgraded

Calabasas, Calif.-based Western General Insurance Co.’s issuer credit rating has been downgraded by A.M. Best Co. to “bbb” from “bbb+” A.M. Best also affirmed the financial strength rating (FSR) of B++ (Good). The outlook for the ICR is negative, while …