A.M. Best Removes From Under Review and Affirms Credit Ratings of California Casualty Compensation Insurance Company
The ratings were placed under review with positive implications on
The ratings reflect CCCIC’s balance sheet strength, which
The rating actions reflect CCCIC’s more-than-supportive level of risk-adjusted capitalization and sound liquidity position, given its run-off status. These positive rating attributes are offset partially by variability in loss reserve development trends and the general constrictions on the business profile of a company in a run-off state.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Samiksha Gupta, +1 908-439-2200, ext. 5658
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