Citing a "lackluster underwriting performance," A.M. Best Co. announced on Tuesday that it has downgraded the financial strength rating of Accident Fund Group and its subsidiaries to A- (Excellent) from A (Excellent) and issued credit ratings to “a-” from “a.” The Lansing, Mich.-based insurance group includes Accident Fund Insurance Co. of America, Accident Fund General Insurance Co., Accident Fund National Insurance Co., United Wisconsin Insurance Co. in New Berlin, Wis., and CompWest Insurance Co. (CompWest) in San Francisco. The outlook for all ratings has been revis...
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