Sunday, March 4, 2012

AM Best cuts Park Insurance to C++/"b".

(ADPnews) - Jun 10, 2011 - AM Best cut on Thursday to C++ (marginal) from B- (fair) the financial strength rating (FSR) and to "b" from "bb-" the issuer credit rating (ICR) of US Park Insurance Co.

The outlook is "negative".

The ratings consider the vigorous growth in Park's premium in each of the past three years, as well as its capitalisation, which is marginal as net premiums have …

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