AM Best downgrades Farm Bureau P&C Group’s ratings on nat cat losses
Reinsurance News - Sep 06, 2024
Members of the Farm Bureau Property & Casualty Group have seen a 30% drop in surplus through Q2’24 due to significant catastrophe losses, including a major hailstorm in May and a wildfire in June, leading AM Best to downgrade its Issuer Credit Ratings. As a result, key balance sheet strength met...
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