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Latest A.M. Best Co. Stories

2014-01-20 12:20:21

LANSING, Mich., Jan. 20, 2014 /PRNewswire/ -- A.M. Best Company has affirmed the financial strength rating of A++ (Superior) of Lansing-based Auto-Owners Insurance Company and its four wholly owned property/casualty subsidiaries. This is the 42(nd) year in a row that Auto-Owners Insurance has received the highest rating available from the nationally recognized credit rating agency. (Logo: http://photos.prnewswire.com/prnh/20130508/DE10030LOGO ) "Auto-Owners is proud to have received A.M....

2013-06-14 23:02:37

A.M. Best Co. has upgraded FCCI Insurance Group´s financial strength rating to A (Excellent) from A- (Excellent), reflecting FCCI´s strong capitalization, solid operating performance, profitable geographic expansion and product line diversification. Sarasota, FL (PRWEB) June 14, 2013 A.M. Best Co. announced today that FCCI Insurance Group´s financial strength rating has been upgraded to A (Excellent) with a stable outlook and an issuer credit rating of “A”. FCCI...

2011-06-09 09:14:00

OLDWICK, N.J., June 9, 2011 /PRNewswire/ -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of "aa+" of Auto-Owners Insurance Group (AOIG) and its members. AOIG is comprised of five property/casualty companies led by Auto-Owners Insurance Company (Auto-Owners) and its four wholly owned subsidiaries. Additionally, A.M. Best has affirmed the FSR of A+ (Superior) and ICR of "aa-" of Auto-Owners Life Insurance Company (AOLIC), a...

2010-05-26 06:00:00

LANSING, Mich., May 26 /PRNewswire/ -- Lansing based Auto-Owners Insurance Company celebrates another A++ Superior rating by nationally recognized credit rating agency A.M. Best this past week. Auto-Owners has earned A.M. Best's highest rating every year since 1972. "The A.M. Best A++ Superior rating allows our customers to feel safe, secure and confident in our services, financial strength, and conservative financial management," said Ronald Simon, Auto-Owners' CEO. "This award...

2008-11-14 12:00:05

A.M. Best Co. has downgraded the financial strength ratings (FSR) to B+ (Good) from B++ (Good) and issuer credit ratings (ICR) to "bbb-" from "bbb+" of Health Net of California, Inc. and Health Net Life Insurance Company. Concurrently, A.M. Best has downgraded the FSR to B+ (Good) from B++ (Good) and ICRs to "bbb-" from "bbb" of Health Net Health Plan of Oregon, Inc. and Health Net of Arizona, Inc. A.M. Best also has downgraded the ICR and debt rating to "bb-" from "bb+" of the parent...

2008-09-18 18:00:50

The severe dislocation in the capital markets, fueled most recently by the bankruptcy filing of Lehman Brothers Holdings Inc. and liquidity concerns at high-profile financial institutions, such as American International Group, Inc. (New York, NY), has prompted A.M. Best Co. to revise its rating outlook for the U.S. life insurance industry to negative from stable. This means that, in the near to medium term, A.M. Best expects to take more negative rating actions (e.g. downgrades/outlook...

2008-09-15 12:00:35

The potential size of the worksite market for life/health insurers is projected to be $28 billion, but current market penetration is estimated at less than one-third. This is despite strong interest from employers--which can benefit from having supplemental insurance to help control employer-paid costs--and the high demand from employees. Workers have shown a preference to purchase benefits at their place of employment and in a face-to-face situation, as for many this is their only...

2008-07-14 09:00:14

A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 health maintenance organizations (HMO), downgraded nine FSRs and ICRs, upgraded eight FSRs and ICRs, assigned two FSRs and ICRs and withdrew one FSR and ICR. (See below for a detailed list of the companies and ratings.) These ratings are based solely upon public information and present the most informed view A.M. Best can offer, short of an insurer participating in the full interactive...

2008-07-10 18:00:47

A.M. Best Co. expects that health insurers will take measures to counteract the impact of the passage of bill H.R. 6331, which would impact plans participating in Medicare Advantage (MA). Bill H.R. 6331 has many provisions, but the largest potential impact to private MA plans are: the elimination of deeming on the MA Private Fee For Service (PFFS), the elimination of Indirect Medical Education (IME) payments, the elimination of the regional MA stabilization fund and the extension/expansion of...

2008-06-16 15:00:49

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of the reinsurance and insurance subsidiaries of Everest Re Group, Ltd. (Everest Re) (Bermuda) (NYSE:RE). Concurrently, A.M. Best has affirmed the ICRs of "a-" of Everest Re and Everest Reinsurance Holdings, Inc. (Delaware). A.M. Best also has affirmed the debt ratings of "a-" on senior unsecured debt, "bbb+" on subordinated debt and "bbb" on junior subordinated notes and...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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