Financial Strength Rating of 'A' Affirmed for Guard Insurance Cos.

A.M. Best on Monday affirmed the financial strength rating of "A," or superior, for Berkshire Hathaway’s Guard insurance companies, although analysts expressed some concern about the companies’ risk associated with adding product lines and expanding into new states. A.M. Best also affirmed the long-term issuer credit ratings of “aa-” for WestGuard Insurance Co., AmGuard Insurance Co., EastGuard Insurance Co. and NorGuard Insurance Co., which operate under an intercompany pooling agreement. The companies are members of Berkshire Hathaway Guard Insurance C...