Tag: AM Best

Capital and Risk, Insurance

AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market

January 17, 2023

Via: Insurance Journal

Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing flooding issues in the state will present […]

Activity, Capital and Risk, Credit, Insurance

AM Best Upgrades Credit Ratings of Members of Concord Group Insurance Companies

December 14, 2020

Via: Insurance Journal

AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord […]