Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from “Aapi.”
In addition, S&P’s lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau’s subsidiary, FB Insurance Co. (FB), to “BBBpi” from “Api.”
Kentucky Farm Bureau and FB mainly write private passenger auto liability coverage and auto physical damage, distributed primarily by direct marketing.
Headquartered in Louisville, Ky., they are licensed only in Kentucky.
Was this article valuable?
Here are more articles you may enjoy.
Chiquita Sees Cheap Bananas at Risk on El Niño Supply Threat 
Edison Must Face Jury Over Equipment’s Role in Massive 2025 Fire 
Money Managers Say There’s Nowhere to Hide as Super El Niño Forms 
Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.