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
- Tesla’s Rollout of Cybercab Is Marred by Regulatory Probe
- Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
- Federal Judge Cautions State Farm Against Gambling With Courts
- The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage
Popular This Month