Notice: Passwords are now case-sensitive
Forgot your password? Register a new account

Connections

Groups

Community Requests

Best Lowers Western Growers Rating

Wednesday, September 6, 2000 | 143 | 0 | min read

A.M. Best Co. has lowered the financial strength rating of Irvine, CA. based workers' compensation carrier, Western Growers Insurance Co. In lowering the firm from from C++ (Marginal)to D (Poor), Best commented that the rating action 'reflects the company's continued decline in capital strength, significantly elevated leverage measures and additional reserve strengthening'. Though prices are firming and year 2000 accident results are improving, Best cited concerns that, despite managment implementation of plans to improve capitalization, Western Growers is unlikely offset the prior-yea...

Purchase this story for only $9.16!Add to Cart


For access to all of our articles, check out our subscription options.

Comments

Be the first to comment.

Related Articles