A.M. Best Co. has assigned an issuer credit rating (ICR) of “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) of Oswego County Mutual Insurance Company of Parish, NY.
Best also revised its outlook in the FSR to positive from stable, and assigned a positive outlook to the ICR.
“The ratings reflect Oswego’ s favorable risk-adjusted capitalization, low underwriting leverage and consistent investment income,” said Best. “Additionally, Oswego’ s more than 125-year tenure in northern central New York has led to significant local market knowledge of the upstate New York property market.
“The rating outlook is based upon the company’ s improved underwriting performance and steadily growing surplus base.”
Source: A.M. Best –
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
More Americans Are Moving Away From Flood Risk Than Toward It 
