Best Downgrades American Family Insurance Group
By Michael Ha
NU Online News Service, Oct. 31, 11:35 a.m. EST?A.M. Best Co. has lowered the financial strength rating of the property-casualty affiliates of American Family Insurance Group to "A" (excellent) from "A-Plus" (superior), citing the insurer's falling surplus and unstable earnings. The Oldwick, N.J.-based insurance ratings agency said the ratings outlook is now stable.
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