Published: Mon 23 Oct 2023

AM Best cuts Wisconsin-based mutual Badger’s rating to C++

AM Best has downgraded Badger Mutual Insurance Company’s financial strength rating to C++ from B+ following “material erosion” in the Milwaukee, Wisconsin-based insurer’s capital position.

Insurance

AM Best

Rating actions

US / Americas

Published: Mon 23 Oct 2023

AM Best: Canada’s P&C outlook remains stable despite C$3.1bn 2023 cat losses

AM Best: US residual market policy count up 98% since 2018

AM Best cuts Wisconsin-based mutual Badger’s rating to C++

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