Auto-Owners FSR cut to A+ as private passenger claims rates inflate

AM Best has downgraded Auto-Owners Insurance Company’s financial strength rating to A+ from A++ as a result of private passenger automobile exposure, a line plagued by high claims rates, growing cost of repairs, and supply chain challenges.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com