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The "Farmers Insurance "News-Alert" website is dedicated to providing the consumer and general public with detailed information concerning the Farmers Insurance Group. This includes fraud reports, consumer complaints, lawsuit's and other legal actions taken against this company. All information contained herein is for educational purposes only. Original sources, when known are sited.

 

Tuesday, June 14, 1994
Home Edition
Section: Business
Page: D-2
BRIEFLY;

INSURANCE;

By: From Times Staff and Wire Reports


Farmers, 20th Century Downgraded: A.M. Best Co. downgraded its
ratings of Farmers Insurance Group and 20th Century Industries' two
insurance units, citing significant losses from the Jan. 17 Northridge
earthquake. Best dropped Farmers' rating to A- from A and, as expected,
lowered 20th Century's ratings to B+ from A-. The new ratings for the two
firms are within the range that Best calls "financially secure."




Type of Material: News Brief
Descriptors: INSURANCE INDUSTRY; CREDIT RATINGS; 20TH CENTURY INDUSTRIES; 20TH CENTURY INSURANCE CO; FARMERS INSURANCE GROUP;

Copyright (c) 1994 Times Mirror Company

 

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