A.M. Best Downgrades Brotherhood Mutual
A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) of Fort Wayne, Indiana-based Brotherhood Mutual Insurance Company (Brotherhood). They also noted that the outlook of the company's credit ratings is stable. Brotherhood had $1.4M in written premium for Tennessee in 2017.
Best stated that the ratings change was due to , "overall balance sheet strength due to a decline in its risk-adjusted capitalization."