AM Best Revises Outlooks to Negative for Trans-City Casualty Insurance Company and Trans-City Life Insurance Company
The Credit Ratings (ratings) of TCC reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). TCL’s ratings reflect its balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, limited business profile, appropriate ERM and support from TCC.
The revision of the outlooks to negative reflect the year-over-year decline in operating performance and uncertainty of the current workers’ compensation marketplace and macroeconomic conditions affecting automobile dealership groups in
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
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Source: AM Best
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