A.M. Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings for Members of NYCM Insurance Group

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a+” from “aa-” for the members of NYCM Insurance Group, which are New York Central Mutual Fire Insurance Company and A. Central Insurance Company. The companies operate under a pooling arrangement and are domiciled in Edmeston, NY. The outlook assigned to these Credit Rating