A.M. Best Revises Outlooks to Negative for Country-Wide Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” of Country-Wide Insurance Company (Country-Wide) (New York, NY). The revised outlooks are due to the company’s continued decline in risk-adjusted capitalization as a result of reserve strengthening efforts. Country-Wide’s most recent drop in surplus was driven by a considerable increase to all accide