OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of 21st Century Security Insurance Company (21st Century Security), following its acquisition by High Point Preferred Insurance Company, a subsidiary of Palisades Safety and Insurance Association (PSIA), on Aug. 1, 2018. PSIA is a reciprocal insurance exchange that is managed by its attorney-in-fact, Plymouth Rock Man
