Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 christopher.sharkey@ambest.com
Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 james.peavy@ambest.com
FOR IMMEDIATE RELEASE
OLDWICK - OCTOBER 13, 2017 11:11 AM (EDT) A.M. Best has placed a number of Credit Ratings (ratings) under review following the release of the updated Best’s Credit Rating Methodology (BCRM). The BCRM is a reorganization of the global credit rating methodology for (re)insurance companies. A.M. Best will continue to assess the companies listed below under the updated BCRM, and will complete any corresponding rating updates in the near term.
The Financial Strength Ratings and Long-Term Issuer Credit Ratings have been placed under review with positive implications for the following companies:
Allstate Corp. Companies–
Allstate Assurance Company
Allstate County Mutual Insurance Company
Allstate Fire & Casualty Insurance Company
American Heritage Life Insurance Company
Allstate Indemnity Company
Allstate Insurance Company
Allstate Life Insurance Company
Allstate Life Insurance Company of New York
Allstate North American Insurance Company
Allstate Northbrook Indemnity Company
Allstate Property and Casualty Insurance Company
Allstate Texas Lloyd’s
Allstate Vehicle and Property Insurance Company
Encompass Home and Auto Insurance Company
Encompass Indemnity Company
Encompass Independent Insurance Company
Encompass Insurance Company of America
Encompass Insurance Company of Massachusetts
Encompass Insurance Company
Encompass Property and Casualty Company
Esurance Insurance Company
Esurance Property and Casualty Insurance Company
North Light Specialty Insurance Company
The Allstate Corporation*
American Family Companies—
American Family Insurance Company
American Family Life Insurance Company
American Family Mutual Insurance Company, S.I.
American Standard Insurance Company of Ohio
American Standard Insurance Company of Wisconsin
The General Automobile Insurance Company, Inc.
Homesite Indemnity Company
Homesite Insurance Company of California
Homesite Insurance Company of Florida
Homesite Insurance Company of Georgia
Homesite Insurance Company of Illinois
Homesite Insurance Company of New York
Homesite Insurance Company of the Midwest
Homesite Insurance Company
Homesite Lloyd’s of Texas
Midvale Indemnity Company
Permanent General Assurance Corporation of Ohio
Permanent General Assurance Corporation
Other Companies—
California Casualty Compensation Insurance Company
Eastern Dentists Insurance Company (A Dental Society Risk Retention Group)
Great Plains Casualty, Inc
*This company is a holding company; therefore, it does not have a Financial Strength Rating. The Long- and Short-Term Issue Credit Ratings for this company also have been placed under review with positive implications.
The Financial Strength Ratings and Long-Term Issuer Credit Ratings have been placed under review with negative implications for the following companies:
Amica Mutual Companies—
Amica Mutual Insurance Company
Amica Property & Casualty Insurance Company
Andover Companies—
Bay State Insurance Company
Cambridge Mutual Fire Insurance Company
Merrimack Mutual Fire Insurance Company
EmblemHealth Companies—
ConnectiCare, Inc.
Group Health Incorporated
Health Insurance Plan of Greater New York
HIP Insurance Company of New York
Farm Bureau of Idaho Companies—
Farm Bureau Mutual Insurance Company of Idaho
Western Community Insurance Company
NYCM Companies—
A. Central Insurance Company
New York Central Mutual Fire Insurance Company
Philadelphia Contributionship Companies—
Germantown Insurance Company
The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, Inc.
Philadelphia Contributionship Insurance Company
Other Companies—
American Fidelity Life Insurance Company
AvMed, Inc.
Baltimore Equitable Society
Knights of Columbus
Multinational Insurance Company
Mutual Assurance Society of Virginia
Otsego Mutual Fire Insurance Company
Specialty Risk of America
Trans World Assurance Company
Triple-S Propiedad, Inc.
West Virginia Mutual Insurance Company
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.