A.M. Best Downgrades Ratings of Sutter Insurance Company
A.M. Best has downgraded the financial strength rating to B++ from A- and the issuer credit rating to “bbb+” from “a-” of Sutter Insurance Company. Furthermore, as a predominantly California writer with limited market penetration, Sutter is subject to competitive pressures from other multi-line carriers. Positive rating actions may result from Sutter executing its…
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