A.M. Best Places Rating of Farmers Home Group Under Review With Positive Implications.OLDWICK, N.J. -- A.M. Best Co. has placed 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 B+ (Very Good) of Farmers Home Group (FHG) (Bloomington, MN) and its subsidiaries under review with positive implications. FHG includes Farmers Home Mutual Insurance Company, Western Home Insurance Company and Pioneer Insurance Company. All companies are domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in Minnesota. The FSR of FHG was placed under review following the announcement of an affiliation agreement with Western National Insurance Group (WNI WNI Wisconsin Name Index WNI Weathernews Incorporated WNI Willamette processor New Instructions (Intel) ) (Edina, MN), which is currently rated A- (Excellent). The affiliation will include a 100% affiliated reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. agreement and consolidation of the two operations into Western National Insurance Company (Edina, MN). WNI consists of Western National Mutual Insurance Company and Western National Assurance Company. The rating will remain under review pending further discussions with management as well as regulatory and policyholder approval. The affiliation of the two entities is expected to be finalized See finalization. by June 2006. 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. For current Best's Ratings, independent data and analysis on more than 3,000 individual property/casualty companies and A.M. Best groups, please visit 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 www.ambest.com. |
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