Tewksbury Township, New Jersey

AM Best Revises Outlooks to Stable for Topa Insurance Company and Dorchester Insurance Company, Ltd.

Retrieved on: 
Thursday, May 20, 2021

b'AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands).

Key Points: 
  • b'AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Rating Services, Inc. and/or its affiliates.

AM Best Revises Outlooks to Positive for Members of Stonetrust Insurance Group

Retrieved on: 
Thursday, May 20, 2021

b'AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of \xe2\x80\x9cbbb+\xe2\x80\x9d (Good) of Stonetrust Commercial Insurance Company and its reinsured subsidiary, Stonetrust Premier Casualty Insurance Company.

Key Points: 
  • b'AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of \xe2\x80\x9cbbb+\xe2\x80\x9d (Good) of Stonetrust Commercial Insurance Company and its reinsured subsidiary, Stonetrust Premier Casualty Insurance Company.
  • The group\xe2\x80\x99s limited profile reflects its product and geographic concentration, writing monoline workers\xe2\x80\x99 compensation coverage primarily in Louisiana, Oklahoma and Arkansas.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Rating Services, Inc. and/or its affiliates.

AM Best Places Credit Ratings of Independence Holding Company and Its Subsidiaries Under Review With Developing Implications

Retrieved on: 
Wednesday, May 19, 2021

b'AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) of Independence American Insurance Company (IAIC) (Wilmington, DE) and Madison National Life Insurance Company (Madison National) (Madison, WI).

Key Points: 
  • b'AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) of Independence American Insurance Company (IAIC) (Wilmington, DE) and Madison National Life Insurance Company (Madison National) (Madison, WI).
  • IAIC and Madison National are insurance subsidiaries of Independence Holding Company (headquartered in Stamford, CT) [NYSE: IHC], and collectively are referred to as Independence Holding Company Group.
  • The ratings will remain under review until the transaction closes, subject to usual regulatory approvals.\nThis press release relates to Credit Ratings that have been published on AM Best\xe2\x80\x99s website.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .

AM Best Removes From Under Review With Positive Implications, Affirms Credit Ratings of Century Insurance Company (Guam) Limited

Retrieved on: 
Wednesday, May 12, 2021

b'AM Best has removed from under review with positive implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of \xe2\x80\x9cbbb+\xe2\x80\x9d (Good) of Century Insurance Company (Guam) Limited (CIC Guam) (Guam).

Key Points: 
  • b'AM Best has removed from under review with positive implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of \xe2\x80\x9cbbb+\xe2\x80\x9d (Good) of Century Insurance Company (Guam) Limited (CIC Guam) (Guam).
  • Based on AM Best\xe2\x80\x99s recent exchange with company management, THC and DBI have terminated the pending acquisition.
  • Unless stated otherwise, the ratings were not amended subsequent to that communication.\nThis press release relates to Credit Ratings that have been published on AM Best\xe2\x80\x99s website.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .

AM Best to Host Webinar on How New Data, Tools Enable Better Insurance Flood Coverage

Retrieved on: 
Wednesday, May 12, 2021

The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Key Points: 
  • The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Company, Inc. and/or its affiliates.
  • ALL RIGHTS RESERVED.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210512005706/en/\n'

AM Best to Host Webinar on Best Practices of Today's Insurance Regulatory Filing Pros

Retrieved on: 
Wednesday, May 12, 2021

b'Scott Turner, executive vice president & chief financial officer, Minnesota Lawyers Mutual Insurance;\nAttendees can submit questions during registration or by emailing [email protected] .

Key Points: 
  • b'Scott Turner, executive vice president & chief financial officer, Minnesota Lawyers Mutual Insurance;\nAttendees can submit questions during registration or by emailing [email protected] .
  • The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Company, Inc. and/or its affiliates.

AM Best to Discuss ESG-Related Factors for Rated Insurers at Upcoming Industry Conference

Retrieved on: 
Monday, May 10, 2021

Mangano serves as the lead analyst for several workers\xe2\x80\x99 compensation companies and regional U.S. property & casualty and life insurers.\nAASCIF is an association of workers\xe2\x80\x99 compensation insurance companies from 26 different states, plus 8 workers\xe2\x80\x99 compensation boards in Canada.

Key Points: 
  • Mangano serves as the lead analyst for several workers\xe2\x80\x99 compensation companies and regional U.S. property & casualty and life insurers.\nAASCIF is an association of workers\xe2\x80\x99 compensation insurance companies from 26 different states, plus 8 workers\xe2\x80\x99 compensation boards in Canada.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Company, Inc. and/or its affiliates.
  • ALL RIGHTS RESERVED.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210510005536/en/\n"

AM Best Comments on Credit Ratings of Grupo Mexicano de Seguros, S.A. de C.V. Following Mexico City Subway Collapse

Retrieved on: 
Friday, May 7, 2021

b'AM Best has commented that the Financial Strength Rating (FSR) of B++ (Good), the Long-Term Issuer Credit Rating (Long-Term ICR) of \xe2\x80\x9cbbb+\xe2\x80\x9d and the Mexico National Scale Rating of \xe2\x80\x9caa+.MX\xe2\x80\x9d of Grupo Mexicano de Seguros, S.A. de C.V. (GMX) (Mexico City, Mexico) remain unchanged following the collapse of an elevated subway line in Mexico City on May 3, 2021.

Key Points: 
  • b'AM Best has commented that the Financial Strength Rating (FSR) of B++ (Good), the Long-Term Issuer Credit Rating (Long-Term ICR) of \xe2\x80\x9cbbb+\xe2\x80\x9d and the Mexico National Scale Rating of \xe2\x80\x9caa+.MX\xe2\x80\x9d of Grupo Mexicano de Seguros, S.A. de C.V. (GMX) (Mexico City, Mexico) remain unchanged following the collapse of an elevated subway line in Mexico City on May 3, 2021.
  • The outlook of these Credit Ratings (ratings) is positive.\nWhile the cause of the collapse remains under investigation, AM Best has been in communication with GMX, the lead insurer of Mexico City\xe2\x80\x99s subway system, in order to assess the financial impact of the incident on the company.
  • However, based on preliminary assessments, as well as its comprehensive reinsurance protection, AM Best does not expect this event to have material impact on the company\xe2\x80\x99s ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .

Best’s Insurance Law Podcast Discusses Importance of Effective Visualizations in Claims Investigations

Retrieved on: 
Thursday, May 6, 2021

b"AM Best and Best\xe2\x80\x99s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal perspective.\nThis episode examines the important role visualizations, specifically 3D visualizations and simulations, play in claims investigations and how the tools assist a jury in depicting the theory of the case.\nThe podcast features expert service provider Steve Rundell, PHD & PE, of Explico Engineering Company.

Key Points: 
  • b"AM Best and Best\xe2\x80\x99s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal perspective.\nThis episode examines the important role visualizations, specifically 3D visualizations and simulations, play in claims investigations and how the tools assist a jury in depicting the theory of the case.\nThe podcast features expert service provider Steve Rundell, PHD & PE, of Explico Engineering Company.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Company, Inc. and/or its affiliates.
  • ALL RIGHTS RESERVED.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210506005970/en/\n"

AM Best Revises Outlooks to Positive for Members of Grange Insurance Pool

Retrieved on: 
Thursday, May 6, 2021

b'AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9ca+\xe2\x80\x9d of Grange Insurance Company and its pooled subsidiaries and reinsured affiliates.

Key Points: 
  • b'AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9ca+\xe2\x80\x9d of Grange Insurance Company and its pooled subsidiaries and reinsured affiliates.
  • All companies are domiciled in Columbus, OH and collectively are called Grange.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Rating Services, Inc. and/or its affiliates.