A.M. Best Corporate Sites 

A subscription is required to view content on this page.
Search    » Advanced
Ratings Search
    
 
A.M. BestTV
Life

 

President Barack Obama.

BestWeek/BestReview Subscription Required GAO: Obama Administration Cannot Fund Risk Corridors Without Congressional Action

Health insurance companies cannot receive funds to offset the cost of high-risk enrollees under the Affordable Care Act unless Congress moves to provide additional appropriations, according to a legal opinion released by the Government Accountability Office. October 1, 2014 Full Story

BestWeek/BestReview Subscription Required HCC Insurance to Acquire Producers Ag for About $110 Million, Eyes Entry Into Crop Insurance

Specialty insurer HCC Insurance Holdings Inc. is planning to enter the crop insurance business as it agreed to acquire Producers Ag Insurance Group Inc. in an all-cash purchase of ProAg's stock for about $110 million. October 1, 2014 Full Story

BestWeek/BestReview Subscription Required Private Equity Firm Takes Majority Stake in Hispanic-Focused Nonstandard Auto MGA

Private investment firm Palladium Equity Partners LLC has taken a majority stake in a Texas-based nonstandard automobile insurance managing general agency that focuses on the Hispanic market. October 1, 2014 Full Story

A.M.BestTV

Asia/Pacific

Courts

  • BestWeek/BestReview Subscription Required Allstate Settles Bad Faith Lawsuit for $22 Million: Allstate Insurance Co. has agreed to settle a bad faith lawsuit filed by a Pennsylvania policyholder for $22 million. The lawsuit alleged Allstate refused to pay Patrick Hennessy of Feasterville, for injuries suffered in an automobile collision. Full Story

Life Insurance

Personal Lines

Ratings

  • BestWeek/BestReview Subscription Required A.M. Best Affirms Ratings of SCOR SE's North American Life and Non-Life Subsidiaries: A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent ) and the issuer credit rating (ICR) of "a+" of SCOR Global Life USA Reinsurance Company (SCOR Global Life USA) (Wilmington, DE), SCOR Global Life Americas Reinsurance Company (Wilmington, DE) and SCOR Global Life Reinsurance Company of Delaware (Wilmington, DE) (collectively referred to as SCOR U.S. Life). Additionally, A.M. Best has affirmed the financial strength rating of A (Excellent ) and the issuer credit rating of "a+" for SCOR Reinsurance Company (New York, NY), SCOR Canada Reinsurance Company (Toronto, Ontario), General Security National Insurance Company (New York, NY) and General Security Indemnity Company of Arizona (Phoenix, AZ). The outlook for all ratings is stable. Full Story
  • BestWeek/BestReview Subscription Required A.M. Best Affirms Ratings of The Phoenix Companies, Inc. and Its Subsidiaries: A.M. Best has affirmed the financial strength ratings (FSR) of B (Fair) and issuer credit ratings (ICR) of "bb+" for the insurance subsidiaries of The Phoenix Companies, Inc. (Phoenix) [NYSE: PNX]. Concurrently, A.M. Best has affirmed the ICR and senior debt rating of "b" of Phoenix. The FSRs continue to have a stable outlook, and the ICRs retain a negative outlook. All companies are headquartered in Hartford, CT. Full Story
  • BestWeek/BestReview Subscription Required A.M. Best Withdraws Ratings of Risk Reinsurance Limited: A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating (ICR) to "a+" for Risk Reinsurance Limited (RRL) (Cayman Islands). The outlook for both ratings is stable. RRL is the single parent captive of Transpower New Zealand Limited (Transpower), the state-owned, sole operator of New Zealand's electricity grid. Concurrently, A.M. Best has withdrawn the ratings due to management's request to no longer participate in A.M. Best's interactive rating process. Full Story

Regulation

Reinsurance

  • BestWeek/BestReview Subscription Required Markel Re's Casualty Chief Retiring Next June: The president and chief underwriting officer of casualty for Markel Corp.'s global reinsurance division will retire next year, with responsibility for the unit going to the current head of the reinsurer's property division. Full Story

A.M. Best Reports