April 24, 2024
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of Farm Bureau County Mutual Å˽ðÁ«´«Ã½Ó³» Company of Texas and Texas …
February 16, 2024
Six weeks after Trusted Resource Underwriters Exchange, a Florida-based reciprocal property insurer, announced it had received a $1.25 billion capital investment and new majority ownership, the AM Best rating firm has slightly downgraded the exchange’s financial strength and credit ratings. …
January 26, 2024
AM Best announced it has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of Pharmacists Mutual Å˽ðÁ«´«Ã½Ó³» Company (PMIC) and its wholly owned reinsured subsidiary, …
October 23, 2023
AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b+” (Marginal) from “bbb-” (Good) of Badger Mutual Å˽ðÁ«´«Ã½Ó³» Company based in Milwaukee, Wi. The outlook of …
October 6, 2023
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a” (Excellent) of Dover Bay Specialty Å˽ðÁ«´«Ã½Ó³» Company (Dover Bay) based in Bloomington, …
December 8, 2022
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Badger Mutual Å˽ðÁ«´«Ã½Ó³» Company (Badger) (Milwaukee, WI). The Credit Ratings (ratings) …
December 1, 2022
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of RAM Mutual Å˽ðÁ«´«Ã½Ó³» Company (RAM) (Esko, MN). The outlook of these Credit Ratings …
December 10, 2020
AM Best has downgraded the Financial Strength Rating to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b-” from “bb-” of Echelon Property & Casualty Å˽ðÁ«´«Ã½Ó³» Co. (Echelon), based in Chicago. The ratings outlook is negative. …
March 10, 2020
AM Best has downgraded the Financial Strength Rating (FSR) to B- (Fair) from B (Fair) and the Long-Term ICR to “bb-” from “bb” of Echelon Property & Casualty Å˽ðÁ«´«Ã½Ó³» Co., based in Chicago. AM Best also downgraded the Long-Term Issuer …
December 11, 2019
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of Governmental Interinsurance Exchange (GIE), in Bloomington, Illinois. The outlook of these Credit Ratings (ratings) remains …