News

Florida Family Insurance Secure Financial Strength Rating Reaffirmed by A.M. Best

A.M. Best recently reaffirmed the Financial Security Rating of B++ for Florida Family Insurance and upgraded the outlook to positive from stable. Florida Family has been rated by A.M. Best since 2001.

A.M. Best cites Florida Family’s "trend of a strong operating performance which, based on management's consistent strategies, is expected to be maintained going forward" as the basis for the revised outlook, and recognized the company's "sustained, strong level of risk-adjusted capitalization, driven by its particularly strong underwriting and catastrophe risk management practices." A.M. Best’s Financial Strength Ratings are recognized as the benchmark for assessing the financial strength for insurance organizations throughout the globe.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

###