A.M. Best Co. announced that it has withdrawn the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of the New Zealand-based Accident Compensation Corporation (ACC) and assigned an NR-4 (Company Request) rating.
Best indicated that ACC’s management’s had requested that the Company be removed from its interactive rating process.
Was this article valuable?
Here are more articles you may enjoy.
Munich Re: Insured Losses From Wildfires, Storms and Floods Hit Record High 
The Return Period for An LA Wildfire-Scale Event May Be Shorter Than You Think 
Tesla, EEOC Plan Talks to Settle Factory Racism Suit 
Cyber Breach Affected 750,000 Canadian Investors, Regulator Says 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.