AM Best downgrades Florida Farm Bureau Group
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AM Best downgrades Florida Farm Bureau Group

Farhin Lilywala
28 March 2022
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Ratings agency AM Best late last week downgraded the financial strength rating of Florida Farm Bureau insurance companies to B++, or good, from A-, excellent.

The agency linked the downgrade to the group’s 28% surplus decline in 2021 from the prior year and a total decline of 35% over the last five years.

AM

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Farhin Lilywala
Section Editor, Distribution & Specialty
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