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73 Resources for

a.m. best co. and finance

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A.M. Best Affirms Ratings of Allstate Insurance Group and Allstate Financial; Downgrades Issuer Credit Ratings
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and downgraded the issuer credit ratings ICR to "aa-" from "aa" of Allstate Insurance Group Allstate and its members. Additionally, A.M. Best has downgraded the ICR to "a-" from "a" and the debt ratings...
Tags: A.M. Best Co., Allstate Corp., FINANCE, financial
Research articles 2008-10-23
A.M. Best Downgrades Ratings of The American Road Insurance Company
OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating to B+ Good from B++ Good and issuer credit rating to "bbb-" from "bbb" of The American Road Insurance Company TARIC (Dearborn, MI). The outlook for both ratings is negative. TARIC's capitalization and operating performance has been...
Tags: A.M. Best Co., FINANCE, Ford Motor Co., Insurance
Research articles 2008-10-17
A.M. Best Affirms Ratings of Commonwealth Annuity and Life Insurance Company
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A- Excellent and issuer credit rating ICR of "a-" of Commonwealth Annuity and Life Insurance Company Commonwealth (Worcester, MA). The outlook for both ratings is stable. Commonwealth is a wholly-owned subsidiary of The Goldman Sachs Group,...
Tags: A.M. Best Co., FINANCE, financial, Goldman Sachs Group Inc., Insurance
Research articles 2008-10-16
A.M. Best Special Report: Climate Remains Challenging; U.S. Government Steps In
OLDWICK, N.J. -- U.S. life and annuity companies face an increasingly complex macroeconomic climate, with negative operating and net income trends and continuing adverse capital market conditions through third quarter 2008. Amid failing financial institutions and impending U.S. government intervention, financial flexibility remains diminished. Significant realizable capital erosion remains a...
Tags: A.M. Best Co., annuity, FINANCE, Investment, U.S. Government
Research articles 2008-10-06
A.M. Best Affirms Ratings of Bancinsurance Corporation and Ohio Indemnity Company; Maintains Negative Outlook
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A- Excellent and issuer credit rating ICR of "a-" of Ohio Indemnity Company Ohio Indemnity (Columbus, OH). Concurrently, A.M. Best has affirmed the ICR of "bbb-" of Ohio Indemnity's parent, Bancinsurance Corporation Bancinsurance (OTC BB: BCIS)....
Tags: A.M. Best Co., Bancinsurance Corp., FINANCE, Insurance, SEC
Research articles 2008-10-02
Best's Review: Explains How Insurers Go to Bat for Major League Baseball
OLDWICK, N.J. -- Learn how insurers keep Major League Baseball's owners, teams and star players "safe" in the October issue of Best's Review, the award-winning monthly publication of A.M. Best Co. In the cover story, "Covering the Bases," Senior Editor Robert O'Connor writes from London that specialty insurers like...
Tags: A.M. Best Co., FINANCE, Insurance, MLB
Research articles 2008-09-30
BestWeek: Bond Insurers See Tide Turning in Second Quarter
OLDWICK, N.J. -- After nearly a year of problems, the U.S. financial guaranty insurance industry finally saw its first casualty of the credit crunch in the second quarter, with the deal placing Maryland-based ACA Financial Guaranty into run off, according to a story in BestWeek U.S./Canada. Corporate parent ACA...
Tags: A.M. Best Co., Australian Communications Authority, bond, FINANCE, Insurance, U.S.
Research articles 2008-08-29
A.M. Best Upgrades Ratings of American Southern Group; Upgrades and Affirms Ratings of Bankers Fidelity Life Insurance Company
OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength rating FSR to A Excellent from A- Excellent and issuer credit ratings to "a" from "a-" of American Southern Group American Southern and its members. These ratings apply to American Southern Insurance Company (Topeka, KS), and its wholly-owned and...
Tags: A.M. Best Co., Atlanta, Atlantic, Fidelity Investments, FINANCE, financial
Research articles 2008-08-28
A.M. Best Withdraws Rating of ProCentury Corporation
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the issuer credit rating of "bbb-" of ProCentury Corporation ProCentury (Westerville, OH). This rating action is due to the completion of the merger of ProCentury and MBKPC Corp. Merger Sub, a subsidiary of Meadowbrook Insurance Group, Inc. Meadowbrook (Southfield, MI) (NYSE:...
Tags: A.M. Best Co., FINANCE, Investment, Meadowbrook Insurance Group Inc., merger, Nasdaq Stock Market Inc., ProCentury Corp.
Research articles 2008-08-20
A.M. Best Special Report: The Fed Keeps Rates Steady as Stagflation Threatens the United States
OLDWICK, N.J. -- After a tumultuous first quarter of scheduled and surprise cuts in the overnight federal funds target rate, the Federal Reserve Board voted 9-1 in second quarter 2008 to keep the target rate at a low 2.00%. The lone dissenter was Richard Fisher, president of the Federal Reserve...
Tags: A.M. Best Co., bank, Federal Reserve Board, FINANCE, inflation
Research articles 2008-08-20
A.M. Best Assigns Rating to Prudential Financial, Inc.'s New Junior Subordinated Notes
OLDWICK, N.J. -- A.M. Best Co. has assigned a debt rating of "bbb" to the recently issued $800 million 9.0% junior subordinated notes of Prudential Financial, Inc. PFI (Newark, NJ) (NYSE: PRU). The outlook for the rating is positive. The ratings of PFI's domestic life/health insurance companies and existing debt...
Tags: A.M. Best Co., FINANCE, Insurance, Prudential Insurance Company of America
Research articles 2008-06-27
A.M. Best Assigns Rating to Prudential Financial, Inc.'s New Junior Subordinated Notes
OLDWICK, N.J. -- A.M. Best Co. has assigned a debt rating of "bbb" to the recently issued $600 million 8.875% fixed-to-floating rate junior subordinated notes of Prudential Financial, Inc. PFI (Newark, NJ) [NYSE: PRU]. The outlook for the rating is positive. The ratings of PFI's domestic life/health insurance companies and...
Tags: A.M. Best Co., FINANCE, Insurance, Investment, Prudential Insurance Company of America
Research articles 2008-06-17
A.M. Best Assigns Ratings to Group Insurance Trust of the California Society of Certified Public Accountants
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating of B++ Good and issuer credit rating of "bbb" to Group Insurance Trust of the California Society of Certified Public Accountants The Trust (Redwood City, CA), a sponsored Trust of the California Society of CPAs CalCPA. The outlook...
Tags: A.M. Best Co., Benefits, California Society of Certified Public Accountants, FINANCE, financial, HEALTHCARE, insurance, Investment, SOFTWARE
Research articles 2008-05-16
A.M. Best Assigns Ratings to Fidelity Investments Life Insurance Company and Its Subsidiary
OLDWICK, N.J. -- A.M. Best Co. has assigned issuer credit ratings ICR of "aa-" and affirmed the financial strength rating FSR of A+ Superior of Fidelity Investments Life Insurance Company FILI (Salt Lake City, UT) and its wholly owned subsidiary, Empire Fidelity Investments Life Insurance Company EFILI (New York, NY)....
Tags: A.M. Best Co., annuity, Benefits, Fidelity Investments, FINANCE, HEALTHCARE, Insurance, Investment, SOFTWARE
Research articles 2008-04-01
A.M. Best Assigns Ratings to American Capital Assurance Group and Its Member
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating FSR of B++ Good and issuer credit ratings ICR of "bbb" to American Capital Assurance Group ACA and its member, American Capital Assurance Corporation (both of St. Petersburg, FL). Concurrently, A.M. Best has removed from under review...
Tags: A.M. Best Co., Australian Communications Authority, Benefits, FINANCE, HEALTHCARE, Insurance, SOFTWARE
Research articles 2008-03-17
A.M. Best Upgrades Issuer Credit Ratings of Oxford Life and Christian Fidelity Life; Assigns Ratings to Dallas General Life
OLDWICK, N.J. -- A.M. Best Co. has upgraded the issuer credit ratings ICR to "bbb+" from "bbb" and affirmed the financial strength ratings FSR of B++ Good of Oxford Life Insurance Company Oxford Life Arizona and Christian Fidelity Life Insurance Company Christian Fidelity Texas. A.M. Best also has affirmed the...
Tags: A.M. Best Co., Fidelity Investments, FINANCE, financial, Texas
Research articles 2008-01-31
A.M. Best Upgrades and Removes From Under Review Ratings of Merrill Lynch Life
OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength ratings FSR to A+ Superior from A Excellent and the issuer credit ratings ICR to "aa-" from "a" of Merrill Lynch Life Insurance Company (Little Rock, AR) and ML Life Insurance Company of New York (New York, NY) (together...
Tags: A.M. Best Co., Benefits, FINANCE, HEALTHCARE, Investment, Merrill Lynch & Co. Inc., SOFTWARE
Research articles 2008-01-11
A.M. Best Affirms Ratings of The Allstate Corporation and Its Subsidiaries
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and issuer credit ratings ICR of "aa" of Allstate Insurance Group Allstate and its members. Additionally, A.M. Best has affirmed the ICR of "a" and all debt ratings of Allstate's parent, The Allstate Corporation...
Tags: A.M. Best Co., Allstate Corp., FINANCE, financial
Research articles 2008-01-09
BestWeek: TRIA Compromise Likely Before End-of-Year Expiration
OLDWICK, N.J. -- Despite significant differences in House and Senate versions of legislation to renew the Terrorism Risk Insurance Program, industry observers widely expect a workable compromise before the $100 million backstop expires on Dec. 31, according to a story in BestWeek U.S./Canada. The Senate cleared a seven-year extension...
Tags: A.M. Best Co., FINANCE, Government, Insurance, Strategy, U.S. Senate
Research articles 2007-11-21
High evolved: more insurers are using technology to amplify their brands and to entertain.(Branding: Technology)(Cover story)
The terms "innovative" and "technology" are nearly synonymous, and the insurance industry is recognizing that connection by striving to reach new heights with cutting-edge developments. But compared to other businesses, insurance companies haven't traveled that far down the innovative technology pathway, according to...
Tags: A.M. Best Co., agent, brand, branding, car, FINANCE, game, Insurance, State Farm Mutual Automobile Insurance Co., technology, Web
Research articles 2007-09-01