A M Best Company (via Public) / AM Best Upgrades Credit Ratings of Atlantic Casualty Insurance Co; Affirms Ratings of Auto-Owners Insurance Co and Most Subs publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Concurrently, AM Best has affirmed the FSR of A++ and the Long-Term ICRs of“ aa+” of Auto-Owners Insurance Company and its four wholly owned property/casualty companies that compose Auto-Owners Insurance Group. At the same time, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” for the members of Concord Group Insurance Companies, which is led by Concord.
AM Best Upgrades Credit Ratings of Members of Concord Group Insurance Companies December 14, 2020
AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord General Mutual Insurance Company in Concord, N.H. The outlook of these credit ratings has been revised to stable from positive. Concord Group is a provider of home, auto, business and life insurance through the independent agency system.
Concurrently, AM Best has upgraded the FSR to A (excellent) from A- (excellent) and the long-term ICR to “a” from “a-” of California Capital Insurance Company in Monterey, Calif., and its subsidiaries, which operate under an intercompany pooling arrangement, collectively referred to as Capital Insurance Group. The outlook of these ratings is stable.