AM Best downgrades SCFBG’s ratings driven by Hurricane Helene losses

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Reinsurance News - Oct 25, 2024

Global ratings agency AM Best has downgraded the Issuer Credit Ratings of South Carolina Farm Bureau Group (SCFBG) due to ongoing volatility in its operating results, primarily driven by weather-related events and inflationary pressures, particularly significant losses from Hurricane Helene. SCFBG c...

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