AM Best places Florida Farm Bureau Group ratings under review with negative implications
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AM Best places Florida Farm Bureau Group ratings under review with negative implications

Kyoung-son Song
November 20, 2023
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AM Best has placed the financial strength rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, under review with negative implications, the rating agency said in a statement Friday.

The two companies are collectively referred to as Florida Farm Bureau Group and are domiciled in Gainesville, Florida.

The ratings were put under review following a considerable decline in the group’s key balance sheet strength metrics through the end of...

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Kyoung-son Song
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