A.M. Best Co. announced it has placed the financial strength rating of Michigan Insurance Co. of Grand Rapids "under review with negative implications" pending review of the level of support to be provided by Michigan Insurance Co.’s new parent, Donegal Group Inc., of Marietta, Pa.Michigan Insurance Co. currently has a financial strength rating of A (Excellent) and issuer credit rating of "a."Best reported the insurer writes personal automobile, homeowners, commercial automobile, commercial package and workers’ compensation insurance.Business is produced through approximately 170 i...
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