A.M. Best Upgrades Credit Ratings of Palisades Safety and Insurance Association and Its Subsidiaries

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb” from “bbb-” for the members of Palisades Group (Palisades) (Berkeley Heights, NJ) and the members of High Point Homeowners Group (High Point) (Red Bank, NJ). These entities are all operating subsidiaries of their parent company, Palisades Safety and Insurance Association. The outlooks of these Credit Ratings (rat