Amica Mutual Downgraded by A.M. Best Citing Increasing Catastrophe Losses, Auto Claims

Amica Mutual Insurance Co. no longer has a perfect financial strength rating from A.M. Best. More catastrophe losses and worsening automobile insurance claims severity are both to blame. Specifically, an A+ (Superior) financial strength rating (FSR), down from A++(Superior), now …

from News – Insurance Journal