Meadowbrook Says Impairment Is $115.4 Million After Downgrade

Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. this month, took a provisional impairment of $115.4 million as of June 30 after a review tied to the downgrade.

The figure could be revised, the Southfield, Michigan-based insurer said today in a quarterly filing with regulators that was delayed from last week so the company could conduct its analysis.

To contact the reporter on this story: Megan Hickey in New York at Mhickey18@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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