A.M. Best Revises Outlooks to Negative for West Virginia National Auto 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 B (Fair) and the Long-Term Issuer Credit Rating of “bb” of West Virginia National Auto Insurance Company (West Virginia National Auto) (Morgantown, WV). The revised outlooks are due to West Virginia National Auto’s deteriorating risk-adjusted capitalization from unprofitable operating performance in recent years. Management fell short of projections mainly due