Best Places Ratings for American Agricultural Insurance Under Review
A.M. Best Co. has placed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of American Agricultural Insurance Company (AAIC) (Indianapolis) under review with negative implications.
The rating action follows uncertainty surrounding AAIC’s recent estimate of losses from Hurricanes Katrina and Rita, which have placed additional stress on its risk-based capital position.
AAIC’s financial strength and issuer credit ratings will remain under review pending discussions with management and a re-evaluation of capital requirements needed to support the company’s current rating.
Popular Today
- JPMorgan Tried to Settle Sexual Assault Claims Before Lawsuit, Spokesperson Says
- Hedge Funds Make Their Move as Litigation Finance Assets Slump
- Canvas Service Used by Thousands of Colleges Hacked
- Ransom Attacks up, but Payments Headed Down as Cyber Becomes Top of Mind
Popular This Month