A.M. Best Comments on Credit Ratings of ERAC Group Members Following Announced Reserve Charges

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has commented that the Credit Ratings (ratings) of Employers Reassurance Corporation and Union Fidelity Life Insurance Company (both domiciled in Overland Park, KS) remain unchanged following the Jan. 16, 2018, announcement that General Electric Company (GE) [NYSE: GE] will contribute approximately $15 billion of statutory capital over a seven-year period to strengthen the long-term care reserves of these two insurance subsidiaries, which are collective