A.M. Best Co. has downgraded the financial strength rating of TIG Insurance Group, Irving, Texas, from A- (Excellent) to B++ (Very Good), affirmed the A- (Excellent) financial strength rating of Crum & Forster Insurance Group (CFI), Morristown, N.J., and has removed both ratings from under review. B...Read More
Following Safeco Corp.'s (NASDAQ:SAFC) announced loss-reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty companies while maintaining a negative outlook. Additionally, the existing ratin...Read More
Workers' compensation benefit payments and costs declined relative to wages paid to employees covered by workers' compensation in 1999, according to a study by the National Academy of Social Insurance (NASI). This marked the seventh consecutive year of declining benefits relative to covered wages an...Read More
A.M. Best Co. announced earlier this week that it has lowered the A (Excellent) financial strength rating of CNA Reinsurance Co. Ltd., London, to A- (Excellent) and placed it under review with negative implications.
Best explains that the rating action reflects ...Read More
A.M. Best Co. announced yesterday that it has lowered the financial strength ratings of Republic Indemnity Insurance Pool, Encino, Calif., and Zenith National Insurance Group, Woodland Hills, Calif., to A- (Excellent) from A (Excellent). Best says that their ratings are reflective of their relative ...Read More
The financial strength ratings of the operating insurance and HMO subsidiaries of Sierra Health Services, Inc., Las Vegas, have been downgraded by A.M. Best Co. to B (Fair).
According to Best, the actions reflect Sierra's weak capital position, its high, though improving, financial leverag...Read More
A.M. Best Co. announced its recognition of Argonaut Group, Inc.'s, San Antonio, Texas, signing of a definitive agreement to acquire Front Royal, Inc., an insurance holding company headquartered in Morrisville, North Carolina, for $165.0 million in cash. (See ...Read More
A.M. Best Co. has affirmed the A++ (Superior) financial strength ratings of American International Group's (NYSE: AIG) property/casualty and life/health subsidiaries. This rating action was in part prompted by AIG...Read More
A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of The Atlantic Mutual Companies. The rating applies to the group's four members, led by the Atlantic Mutual Insurance Company. The ratings have been assigned a negative outlook however.
According to Best, the ratings ...Read More