Vesta' AM Best Rating Under Review, Negative Implications

A.M. Best Co. has placed the B (Fair) financial strength rating of the property/casualty affiliates of Vesta Insurance Group [NYSE: VTA] (Birmingham, AL) under review with negative implications. Concurrently, A.M. Best has placed the "b-" senior debt and "ccc" deferrable capital securities ratings of Vesta Insurance Group Inc., under review with negative implications. A.M. Best has also placed the B (Fair) financial strength rating of the life insurance subsidiary, American Founders Life Insurance Company, under review with negative implications. These rating actions reflect Vesta's sig...