A.M. Best Upgrades Rating of Republic Western Insurance Group and Assigns Issuer Credit Ratings.OLDWICK, N.J. -- A.M. Best Co. has upgraded 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. ) to C++ (Marginal) from C (Weak) and assigned issuer credit ratings (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 "b" to Republic Western Insurance Group (Republic Western), which consists of Republic Western Insurance Company and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Fire & Casualty Insurance Company (North American F&C) (both of Phoenix, AZ). The rating outlook has been revised to stable from negative. Republic Western's ratings reflect the fair capitalization, its poor operating performance and limited business profile. These negative factors are tempered by management's initiatives to improve results and stabilize risk-adjusted capitalization by discontinuing non-core business lines. In addition, the ratings also consider the improved financial condition of its parent, AMERCO (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 : UHAL UHAL Amerco (NASDAQ symbol) ). The rating outlook is based on A.M. Best's expectations that continuing operations will generate sufficient earnings to offset the historical earnings drag generated from Republic Western's run-off lines, and thus add to surplus in the medium term. For Best's Ratings, 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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