All the headlines from our AM Best Topic Page, ordered by recency.
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
Oct 4 2002 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Crusader Insurance Company in Woodland Hills, Calif. The outlook is negative.This rating action follows an Aug. 13, 2002,...
Oct 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Paris-based Corifrance and assigned it a stable outlook. “The rating reflects the maintenance of an excellent level of financial strength...
Sep 30 2002 // A.M. Best Co. announced that it has placed the financial strength rating of B++ (Very Good) of Nodak Mutual Group (Fargo, ND) under review with negative implications.“The rating action reflects the September 23,...
Sep 30 2002 // A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services (ZFS) and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt...
Sep 30 2002 // A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt issued or...
Sep 30 2002 // A.M. Best Co. lowered the financial strength rating to “A-” from “A” of Royal & Sun Alliance Insurance Group plc (R&SA), U.K., and its core subsidiaries. Concurrently, it downgraded the...
Sep 27 2002 // A.M. Best announced that it has affirmed the “A (Excellent)” financial strength rating of France’s SCOR Group with a stable outlook. “The affirmation reflects SCOR’s maintenance of excellent...
Sep 23 2002 // A.M. Best Co. announced that while it has affirmed the financial strength rating of A++ (Superior) of Allianz Ag and its core entities, it has assigned them a “negative outlook,” and has placed Allianz’...
Sep 19 2002 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of the U.K.’s Hiscox Insurance Company Limited (Hisco) with a stable outlook.The London-based insurer, a wholly owned...
Sep 17 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group of Woodland Hills, Calif.The financial strength rating applies to three intercompany pool members and is based...
Sep 2 2002 // A.M. Best Co. placed the financial strength ratings (FSR) of the insurance subsidiaries operating within Combined Specialty Group Inc. (CSG) under review with negative implications. The rating action follows Aon...
Sep 2 2002 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group. A.M. Best also affirmed the indicative shelf registration ratings for Fund...
Aug 29 2002 // A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)’s ‘A-minus’ (excellent) rating. According to A.M. Best, WCF’s ‘A-minus rating’ reflects the mutual...
Aug 28 2002 // A.M. Best Co. has assigned an “a+” rating to the $300 million 4.7% senior notes due 2007 issued by Hartford Financial Services Group, Inc. Proceeds from the notes will be used to retire the $300 million of...
Aug 28 2002 // The U.K.’s Financial Services Authority (FSA) levied fines totaling £1.35 million ($2.05 million) against Royal & Sun Alliance for failing to implement appropriate procedures to reimburse thousands of pension...
Aug 28 2002 // A.M. Best announced that it has affirmed the financial strength rating of A- (Excellent) of the Lloyd’s market with a stable outlook.“The affirmation reflects Lloyd’s excellent business profile, excellent...
Aug 26 2002 // A.M. Best Co. has assigned a “bbb+” rating to the $375 million 7.25 percent 10-year senior unsecured notes issued by Seattle-based SAFECO.The securities were issued under SAFECO’s $900 million shelf...
Aug 24 2002 // A.M. Best Co. has downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of The St. Paul Companies Inc.’s, St. Paul, Minn., p/c subsidiaries and its senior debt...