A.M. Best Rating of Farm Family Holdings' Subsidiary Upgraded to A, Excellent.GLENMONT, N.Y.--(BUSINESS WIRE)--May 28, 1997--Farm Family Holdings Inc. (NYSE NYSE See: New York Stock Exchange :FFH FFH Far From Home (band) FFH Fast Frequency Hopping FFH Frigate Helicopter FFH Final Fantasy High (gaming) FFH Fauji Foundation Hospital (Pakistan) FFH Falling for Her ) today announced that A.M. Best has upgraded the rating of its subsidiary, Farm Family Casualty Insurance Company, to A (Excellent) from A- (Excellent). The upgrade reflects Farm Family Casualty's improved capitalization, profitable operating performance and favorable loss reserve development. Philip P. Weber, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Farm Family Holdings Inc. said, "We are pleased with A.M. Best's rating 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. action. In addition to the capital infusion from our initial public offering, Farm Family Casualty continues to be strengthened by profitable operating results." Farm Family Casualty Insurance Company is a specialized, regional property and casualty insurer of farms and agricultural related businesses, as well as residents and businesses of rural and suburban communities. CONTACT: Farm Family Holdings Inc. Timothy A. Walsh, 518/431-5410 |
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