Allianz US Companies Downgraded by AM Best

On Friday A.M. Best Co. placed the financial strength ratings of Allianz AG's (Germany) U.S. property/casualty and life insurance subsidiaries under review with negative implications. [See listing of companies below.] Additionally, A.M. Best has changed the rating outlook on Allianz AG's financial strength rating of A++ (Superior) to negative from stable. While A.M. Best recognizes Allianz AG's recently announced commitment to provide additional funding to Fireman's Fund and believes similar support for the U.S. life operations in the near term is likely, these rating actions reflect the p...