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Tag: credit rating

AM Best Downgrades State Farm General

AM Best on stress testing

AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “a” (Excellent) of State Farm General Insurance Company (State Farm General) (Bloomington, IL).

Published April 1, 2024
Categorized as Show on Homepage Tagged AM Best, credit rating, State Farm General

Best’s Special Report: Rating Downgrades in U.S. P/C Insurance Segment Outpace Upgrades in 2023

AM Best on stress testing

Credit Rating (rating) downgrades on U.S. property/casualty insurance companies rose to 55 in 2023 compared with 30 in the previous year given the challenging conditions in the personal lines segment, according to a new AM Best special report.

Published March 12, 2024
Categorized as Show on Homepage Tagged credit rating, P&C insurance industry
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