A.M. Best Affirms and Assigns Ratings to Standard Casualty Company.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A- (Excellent) and assigned an issuer credit rating (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "a-" to Standard Casualty Company (Standard Casualty) (New Braunfels New Braunfels (broun`fəlz), city (1990 pop. 22,334), seat of Comal co., S central Tex., on the Guadalupe River; inc. 1847. Portland cement, consumer goods, crushed limestone, furniture, and leather goods are produced. , TX). The outlook for both ratings is stable. Standard Casualty is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Palm Harbor Homes, Inc. [NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PHHM], a manufacturer and marketer of factory built homes. These ratings reflect Standard Casualty's favorable risk-adjusted capitalization, continued strong operating performance and corresponding surplus growth, as well as its favorable liquidity position. These positive rating factors are somewhat offset by Standard Casualty's high underwriting expense ratio and limited geographic concentration of risk. In addition, the ratings recognize A.M. Best's expectations that underwriting performance and risk-adjusted capitalization will continue to trend favorably. For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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