The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
OLDWICK, N.J.--(BUSINESS WIRE)--
A.M. Best Co. has affirmed the financial strength rating (FSR) of
C++ (Marginal) and issuer credit rating (ICR) of â€œbâ€of Battle Creek
Mutual Insurance Company (Battle Creek) (Battle Creek, NE). The
outlook for both ratings is negative.
Concurrently, A.M. Best has withdrawn the ratings and assigned a
category NR-4 to the FSR and an â€œnrâ€ to the ICR. These rating actions
reflect Battle Creekâ€™s decision to withdraw from A.M. Bestâ€™s interactive
The ratings reflect Battle Creekâ€™s unfavorable operating performance and
deteriorating level of surplus, which negatively impacted its
Offsetting these negative rating factors is Battle Creekâ€™s longstanding
local market presence and managementâ€™s strategies designed to improve
For Bestâ€™s Credit Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including
any additional methodologies and factors that may have been considered,
can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is a global full-service credit
rating organization dedicated to serving the financial and health care
service industries, including insurance companies, banks, hospitals and
health care system providers. For more information, visit www.ambest.com.
A.M. Best Co.Analysts:Adrienne Tortoriello,
908-439-2200, ext. email@example.comRick
Decker, 908-439-2200, ext. firstname.lastname@example.orgPublic
Relations:Jim Peavy, 908-439-2200, ext. email@example.comRachelle
Morrow, 908-439-2200, ext. firstname.lastname@example.org
Source: A.M. Best Co.