Press Room Articles

The Press Room features links to articles on the insurance industry, state and federal insurance regulation, and other issues of interest to the guaranty system. The views expressed in these articles do not necessarily reflect the views of NOLHGA or its members.

  • Company News & Downgrades
  • A.M. Best Changes Credit Ratings of Colorado Bankers Life Insurance Company and Bankers Life

    Article retrieved 06/28/2019  Source: A.M. Best

    AM Best has removed from under review with negative implications and changed the Financial Strength Rating (FSR) to a Non-Rating Designation of E (Under Regulatory Supervision) from B++ (Good) and the Long-Term Issuer Credit Rating to “e” from “bbb” of Colorado Bankers Life Insurance Company (CBL) (Durham, North Carolina). Concurrently, AM Best has removed from under review with negative implications and changed the FSR to a Non-Rating Designation of E (Under Regulatory Supervision) from B (Fair) and the Long-Term Issuer Credit Rating to “e” from “bb” of Bankers Life Insurance Company (BLIC) (Durham, North Carolina). These rating actions follow a court decision that placed the company into rehabilitation.

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