The Rating Game: When A+ Equals CJoan Warner
If you had called A. M. Best Co. on July 1 and asked for a rating on Mutual Benefit Life Insurance Co., you would have been soothed by the answer: A+. One week later, the venerable agency seemed only slightly less upbeat, rating the insurer "contingent A"--Best's designation for sound companies with temporary troubles. But on July 16, there was no rating at all. Mutual Benefit had been seized by New Jersey's regulators.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.