A.M. Best Affirms Ratings of Direct General Insurance Group and Direct Ins. Co.; Upgrades rating of Direct General of Louisiana.OLDWICK, N.J. -- A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the financial strength ratings of B (Fair) of three of the four Direct General Property & Casualty Companies; the outlook for the respective ratings has changed to positive from stable. The rating outlook change applies to Direct General Insurance Group, consisting of the consolidation of Direct General Insurance Company (Aiken, SC) and its wholly-owned and separately rated subsidiary Direct General Insurance Company of Mississippi (Jackson, MS) and Direct Insurance Company (Nashville, TN). Concurrently, the financial strength rating of Direct General Insurance Company of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. (Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , LA) has been upgraded to B (Fair)
from B- (Fair) with a stable outlook.
The rating affirmations reflect an elevated underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. leverage position primarily driven by significant historical premium growth. These negative rating factors are partially offset by the improving trend in risk-adjusted capitalization, favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. operating performance and conservative investment profile. Based on the improved capital position and expectation of slower growth in 2005, A.M. Best views the rating outlook as positive. The rating upgrade of Direct General Insurance Company of Louisiana reflects the company's improving trend in risk-adjusted capitalization and management's corrective initiatives to improve profitability, offset by an above average underwriting leverage and volatile operating returns. A.M. Best's view of the financial strength ratings of the Direct General P&C Companies is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent meeting profitability projections that will continue to grow surplus internally to further support the increased premium volume anticipated in the near term. For current Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , independent data and analysis on more than 3,000 individual property/casualty companies, groups and industry composites, please visit http://www.ambest.com/pc. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com. |
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