Meadowbrook Estimates Impairment at $115.4 Million After Downgrade
Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. this month, took a provisional impairment of $115.4 million as of June 30 after a review tied to the downgrade.
The figure could be revised, the Southfield, Michigan- based insurer said today in a quarterly filing with regulators that was delayed from last week so the company could conduct its analysis.
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