Rating Agencies
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes ...
Is State Farm General a Sinking Ship? California Emergency Rate Request Dropped to 17%
Lawyers for State Farm General, the California Department of Insurance and Consumer Watchdog presented opening arguments in a hearing to determine the fate of State Farm's request for an emergency ...
Upgrades Up, Downgrades Down: AM Best Reviews 2024 Rating Actions
AM Best announced 34 upward credit rating actions for U.S. commercial lines insurers in 2024, over 60 percent more than the number registered for 2023, the rating agency reported in its official ...
Notable Rating Actions This Week: Westfield and Church Mutual
AM Best has revised the outlook to stable from negative for the long-term issuer credit ratings (long-term ICR) and affirmed the financial strength rating (FSR) of A ...
S&P Puts State Farm General Ratings on CreditWatch
Potential downgrades of State Farm's California homeowners insurer came closer to reality when S&P Global Ratings put the "AA" financial strength and issuer credit ratings of State Farm General ...
Notable Rating Actions This Week: Mercury General, Sentry’s The General
Among the ratings announcements from AM Best this week were those reacting to an uncertain California wildfire loss estimate and a Midwest personal lines acquisition.
AM Best Data Insights: FAIR Plan, E&S Growth Soars in California
A newly published AM Best report reveals the extent to which California homeowners policyholders have turned to the state's insurer of last resort and to the nonadmitted market for insurance in ...
Notable Rating Actions This Week: Rural Mutual, Everest Group, Prime Insurance
Among the ratings announcements from AM Best this week were those reacting to a mutual company affiliation, a reserve charge and the results of an E&S writer.