AM Best Downgrades Ratings of Governmental Interinsurance Exchange in Illinois

AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of Governmental Interinsurance Exchange (GIE), in Bloomington, Illinois. The outlook of these Credit Ratings (ratings) remains …

from News – Insurance Journal