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TMCNet:  A.M. Best Withdraws Ratings of Fireman's Fund Insurance Company of Louisiana Following Its Merger

[February 11, 2013]

A.M. Best Withdraws Ratings of Fireman's Fund Insurance Company of Louisiana Following Its Merger

OLDWICK, N.J. --(Business Wire)--

A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of "a+" of Fireman's Fund Insurance Company of Louisiana (FFIC of LA) (Harahan, LA) following its merger into its affiliate parent company, Fireman's Fund Insurance Company (FFIC) (Novato, CA (News - Alert)). This transaction closed on November 30, 2012, at which time all assets and liabilities of FFIC of LA were merged into FFIC.

The methodology used in determining these ratings is Best's Credit Rating Methodoloy, which provides a comprehensive explanation of A.M. Best's rating process and contains the different rating criteria employed in the rating process. Best's Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.


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