A.M. Best Upgrades Credit Ratings of Members of Fire Districts Insurance Group
The ratings reflect FDIG’s balance sheet strength, which
The ratings of FDIG were upgraded based on the group’s favorable earnings and substantial increase in policyholders’ surplus, which, in 2017, significantly improved the company’s overall balance sheet strength. A.M. Best’s view of FDIG’s balance sheet strength also considers the group’s favorable loss reserve development, the favorable outcome regarding the
The ratings also take into consideration the group’s high level of reinsurance dependence and its limited business profile whose sole line of business is providing workers’ compensation coverage to volunteer firefighters in
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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