A.M. Best Downgrades Cincinnati Insurance Co.'s Rating

A.M. Best Co. downgraded The Cincinnati Insurance Companies' issuer credit ratings to “aa-” from “aa” last week because of continued deterioration in the companies' underwriting results. A.M. Best Co. downgraded The Cincinnati Insurance Companies' (CIC) issuer credit ratings (ICR) as well as the ICRs of its publicly traded parent, Cincinnati Financial Corp., last week. The credit rating firm downgraded Cincinnati Financial Corp.'s ICR from “a” to “a-.” The credit rating firm attributed the downgrades to CIC's continued deterio...