AM Best Comments on Credit Ratings of TruStage Financial Group, Inc. and Union Security Insurance Company Following Cybersecurity Attack
- August 07, 2026 11:21 AM (EDT)
//BestWire// - AM Best has commented that the Credit Ratings (ratings) of TruStage Financial Group, Inc. (TruStage) and Union Security Insurance Company remain unchanged following the organization’s recent announcement that it sustained a cybersecurity incident on July 11, 2026.
TruStage’s cyber incident has had a critical impact on its organization's technology infrastructure. Although TruStage management believes that the threat has been contained, some aspects of its ongoing operations remain shut down. The company’s aim is to restore its business development and customer service functions in a safe and expedient manner.
Based upon interactions with TruStage’s executive management team to date, AM Best currently believes that the company is taking the necessary actions to appropriately address the cyberattack and that the disruption caused by it has not had a material impact on the credit profile of the enterprise. However, AM Best recognizes that the situation remains highly fluid and will continue to monitor developments closely for indications that the incident has damaged the company’s ability to conduct business, eroded its reputation or may result in a change in AM Best’s view of the company’s enterprise risk management assessment, which it currently views as appropriate.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM 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.