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AM Best Downgrades Credit Ratings of California Insurance Company and Its Affiliates; Places Credit Ratings Under Review With Negative Implications

Jul 11, 2019 - Business Wire

AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to "a+" from "aa-" of California Insurance Company (Foster City, CA), Continental Indemnity Company (Cedar Rapids, IA), Illinois Insurance Company (Cedar Rapids, IA), Texas Insurance Company (Dallas, TX) and Pennsylvania Insurance Company (Cedar Rapids, IA). In addition, AM Best has placed these Credit Ratings (ratings) under review with negative implications. All comp...