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Article: A.M. Best Upgrades Ratings of Old Glory Insurance Company.
- Article from:
- Business Wire
- Article date:
- May 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength rating to B++ (Good) from B+ (Good) and issuer credit rating to "bbb" from "bbb-" of Old Glory Insurance Company (Old Glory) (Tyler, TX). The outlook for both ratings is stable.
The ratings recognize Old Glory's solid capitalization, improved underwriting performance, the operational efficiencies derived from claims and underwriting through affiliated entities, the ongoing support it receives from the parent holding company, Heartland Security Insurance Group (Heartland Security) and management's underwriting expertise within its niche workers' compensation marketplace.
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