A.M. Best Comments on Donegal Mutual's Affiliation with Sheboygan Falls Mutual Insurance Company.OLDWICK, N.J. -- A.M. Best Co. has commented on the recently announced strategic affiliation of Sheboygan Falls Sheboygan Falls may refer to:
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 "a" of the Donegal Insurance Group (Group) (Marietta, PA) are unaffected by this transaction. A.M. Best will continue its discussions with management regarding the integration of the Sheboygan business into the group. The Group is headquartered in Marietta, PA and consists of Donegal Mutual which owns approximately 62% of the voting control of Donegal Group Inc. (Pennsylvania) [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 : DGICA and DGICB], an insurance holding company. Through its insurance subsidiaries, the Group conducts property casualty business in 18 states in the Mid-Atlantic, Southeastern and Midwestern regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This affiliation provides Donegal an opportunity to expand its business into Wisconsin with the expectation of delivering enhanced products and services to Sheboygan's policyholders and agents. The Donegal Insurance Group consists of the following members: * Atlantic States Insurance Company * Donegal Mutual Insurance Company * Southern Insurance Company of Virginia * Le Mars Insurance Company In addition, Donegal Group Inc. owns the following separately rated entities: * Peninsula Insurance Company * Peninsula Indemnity Company For 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. , 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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