Insurer’s Strong Balance Sheet and Strong Operating Performance Were Noted
AM Best Ratings
AM Best Revises Outlooks to Negative for Kemper Corporation
AM Best announced that it has revised its outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) the Kemper Corporation collectively referred to as Kemper Property & Casualty Group (Kemper P&C). This also includes the property/casualty company’s subsidiaries […]
AM Best Affirms Credit Ratings of The Progressive Corporation and Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) for the members of The Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of “a” (Excellent) for Progressive, the parent holding company, and all […]
Auto Insurance Carries Personal Line Ratings for 2012 – Commercial Lines to Struggle – A.M. Best
January 9, 2012- Today, A.M. Best Co. released its general outlook for 2012 U.S. property/casualty ratings. The good news was company balance sheets are still strong but, as everyone has learned over the last four years, at risk to sudden weakening based upon some unexpected financial tsunami. Auto Insurance leads the way in personal lines. […]
Andover Companies Receive Negative Outlook from A.M. Best
A.M. Best Co. announced today its decision to downgrade the Andover Companies Pool and its members outlook from stable to negative and affirmed the issuer credit rating of “aa.” A.M. Best did not revise the financial strength rating of the companies, however, which remains at A+ (Superior). The outlook for the FSR is also stable. […]
