A.M Best Co. has upgraded the financial strength and issuer credit ratings from “A-” to “A” of the Kaufman Insurance Group of Farmington Hills, Mich., and its member companies: USF Insurance Co., domiciled in Michigan and Cranbrook Insurance Co., domiciled in Texas.
“The rating actions reflect Kaufman Insurance’s sustained improvement in operating profitability in recent years within a very competitive marketplace,” according to an A.M. Best press release.
USF and Cranbrook are national carriers that write specialty insurance. Programs and products offered by USF and Cranbrook include, but are not limited to, professional liability, non-profit directors and officers, home health care, commercial remodeling, custom home builders, special events and spectator liability, emergency care services, and exercise and health studio.
The Kaufman Insurance Group acquired USF in 2001.
Source: Kaufman Insurance Group
Was this article valuable?
Here are more articles you may enjoy.
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy 
NYC Hires Pinnacle Actuaries, Seeks Private Partners for Housing Insurance Program 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
