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AM Best Comments on Credit Ratings of Crusader Insurance Company and Its Parent, Unico American Corporation, Following Leadership Change Announcement

AM Best Comments on Credit Ratings of Crusader Insurance Company and Its Parent, Unico American Corporation, Following Leadership Change Announcement
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AM Best Comments on Credit Ratings of Crusader Insurance Company and Its Parent, Unico American Corporation, Following Leadership Change Announcement

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Comments on Credit Ratings of Crusader Insurance Company and Its Parent, Unico American Corporation, Following Leadership Change Announcement
February 18, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Feb 18, 2021
AM Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Crusader Insurance Company are unchanged by the recent announcement regarding the appointment of Michael Budnitsky, on an interim basis, to the positions of president and CEO, effective Feb. 11, 2021. Concurrently, the Long-Term ICR of “bb” of Unico American Corporation (Unico) [NASDAQ: UNAM] remains unchanged. The outlook of these Credit Ratings (ratings) is negative. All companies are headquartered in Calabasas, CA. ....

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AM Best Revises Outlooks to Negative for Crusader Insurance Company and Unico American Corporation

Press release content from Business Wire. The AP news staff was not involved in its creation. ....

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AM Best Assigns Credit Ratings to The Gray Indemnity Company; Affirms Credit Ratings of The Gray Insurance Company and Affiliate

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Assigns Credit Ratings to The Gray Indemnity Company; Affirms Credit Ratings of The Gray Insurance Company and Affiliate
January 28, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 28, 2021
AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to The Gray Indemnity Company (GID). The outlook assigned to these Credit Ratings (rating) is stable. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of The Gray Insurance Company (GIC) and Gray Surplus Lines Insurance Company (GSLIC). The outlook of these ratings is stable. These companies collectively are known as Gray Insurance Group (the group). ....

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