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AM Best Revises Outlooks to Negative for Vermont Mutual Insurance Company and Its Subsidiaries

OLDWICK, N.J., April 02, 2024 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of "aa-" (Superior) of Vermont Mutual Insurance Company and its fully reinsured subsidiary, Northern Security Insurance Company, Inc. and its fully reinsured affiliate, Granite Security Insurance Company (formerly Granite Mutual Insurance Company). These companies are domiciled in Montpelier, VT and are members ....

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AM Best Revises Issuer Credit Rating Outlook to Negative for PEMCO Mutual Insurance Company

OLDWICK, N.J., February 22, 2024 AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of "bbb+" (Good) of PEMCO Mutual Insurance Company (PEMCO) (Seattle, WA). The outlook of the FSR is stable. ....

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