The California Department of Insurance continued the momentum toward improving insurance options statewide. That ends now, "said Insurance Commissioner Ricardo Lara. "We are on time and on target for bringing insurance options back to all parts of California."
Reinsurance
AM Best has assigned a Preliminary Credit Assessment to Sabal Specialty Insurance Company, Inc. with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of“ a-” pca. Sabal Specialty, formed in 2024, is a specialty insurer focused on the U.S. excess and surplus lines market. The company is expected to underwrite business in specialty…
Concurrently, AM Best has affirmed the FSRs of A and the Long-Term ICRs of“ a+” of Beazley Insurance Designated Activity Company, Beazley Insurance Company, Inc., Beazley America Insurance Company, Inc., and Beazley Excess and Surplus Insurance, Inc.. The ratings of BIDAC, BICI, BESI and Beazley America also reflect the consolidated balance sheet strength of…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Professionals Advocate Risk Retention Group, Inc., a new subsidiary of Medical Mutual Liability Insurance Society of Maryland. The outlook assigned to these Credit Ratings is stable. ProAd RRG was established on January 1, 2025, and was capitalized by Med Mutual’ s…
