Home Bisnis AM Best puts State Farm in the spotlight – Insurance Business

AM Best puts State Farm in the spotlight – Insurance Business

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It has affirmed the Financial Strength Rating (FSR) of A++ (superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a++” of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas. The rating agency has also affirmed the FSR of A- (excellent) and the Long-Term ICR of “a-” of HiRoad Assurance Company, the FSR of A (excellent) and the Long-Term ICR of “a” of Dover Bay Specialty Insurance Company, and the FSR of A- and the Long-Term ICR of “a-” of State Farm Florida Insurance Company. The outlook of these credit ratings is stable, AM Best said.

The ratings agency has also affirmed the FSR of A and the Long-Term ICR of “a+” of State Farm General Insurance Company. The outlook of the FSR is stable, while the outlook of the Long-Term ICR is negative. It has also affirmed the FSR of A- and the Long-Term ICR of “a-” of State Farm Indemnity Company and the FSR of A++ and the Long-Term ICR of…



Read More: https://www.insurancebusinessmag.com/us/news/breaking-news/am-best-puts-state-farm-in-the-spotlight-230869.aspx

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Source: https://www.insurancebusinessmag.com/us/news/breaking-news/am-best-puts-state-farm-in-the-spotlight-230869.aspx

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