AM Best Gives 'A-' to California Insurance Co.

A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to California Insurance Co. of San Francisco, a wholly-owned subsidiary of Applied Underwriters Inc. The rating outlook is stable. "We are proud to have this Excellent rating by A.M.Best for The California Insurance Company," said Ellen Gardiner, CIC's vice president and chief actuary. "It reflects our long-term commitment to a strategy based upon underwriter discipline and conservative financial standards," she said. A.M. Best said the rating reflects CIC's adequate capitalization and the strong historical und...