Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from “Aapi.”
In addition, S&P’s lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau’s subsidiary, FB Insurance Co. (FB), to “BBBpi” from “Api.”
Kentucky Farm Bureau and FB mainly write private passenger auto liability coverage and auto physical damage, distributed primarily by direct marketing.
Headquartered in Louisville, Ky., they are licensed only in Kentucky.
Was this article valuable?
Here are more articles you may enjoy.
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
Canceled FEMA Review Council Vote Leaves Flood Insurance Reforms in Limbo 
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings 
US Will Test Infant Formula to See If Botulism Is Wider Risk 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.