A.M. Best Comments on Announced Acquisition of State-Wide Insurance Company.

OLDWICK, N.J. -- A.M. Best Co. has commented on the recently announced acquisition of SWICO Enterprises, Ltd., the holding company of State-Wide Insurance Company (State-Wide) (Hempstead, NY) by ACIC ACIC Arkansas Crime Information Center
ACIC Aeronautical Chart and Information Center (military aviation support organization)
ACIC Association of California Insurance Companies (Sacramento, CA) Holding, Inc. ACIC Holding, Inc. is a subsidiary of The Commerce Group, Inc. [NYSE NYSE

See: New York Stock Exchange :CGI CGI
in full Common Gateway Interface.

Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. ].

At this time, 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 the 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 "aa-" of Commerce Group, Inc. are unaffected by this transaction. A.M. Best will continue its discussions with management regarding the integration of the State-Wide business into The Commerce Group, Inc.

The Commerce Group, Inc. is headquartered in Webster, MA and consists of the lead company, The Commerce Insurance Company, and its three inter-company pool members.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

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 www.ambest.com.

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Publication:	Business Wire
Date:	Dec 27, 2006
Words:	169
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Topics:	Financial services Evaluation Mergers, acquisitions and divestments Financial services industry Evaluation Mergers, acquisitions and divestments Insurance companies

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