Ratings Roundup: American Federated; Berkshire Hathaway Homestate
A.M. Best Co. has upgraded the financial strength ratings (FSR) to “B+” (Good) from “B” (Fair) and assigned issuer credit ratings (ICR) of “bbb-” to American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC) The outlook for the FSRs has been revised to stable from positive, while the outlook assigned to the ICRs is stable.
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A++” (Superior) and issuer credit ratings (ICR) of “aa+” of the Berkshire Hathaway Homestate Companies and its six P/C group members. These include: Brookwood Insurance Company (Coralville, IA), Cornhusker Casualty Company (Omaha, NE), Continental Divide Insurance Company (Englewood, CO), Cypress Insurance Company (CA) (San Francisco, CA), Oak River Insurance Company and Redwood Fire and Casualty Insurance Company (both of Omaha, NE). The outlook for all ratings is stable.
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