AM BEST DOWNGRADES INDIANA LUMBERMENS INSURANCE GROUP RATINGS
Oct. 25, 2016
Indiana personal injury lawyer discusses AM Best's downgrade of Lumbermens Insurance.
AM Best is a company that rates the financial health of insurance companies. The Insurance Journal reported that AM Best has downgraded AM Best's rating of Indiana Lumbermens from B++ to B+, which are both in the good category. The downgrade is a result of high property losses and some underwriting difficulties.
Indiana Lumbermens writes insurance to the wood product industries that can range from flooring companies to furniture manufacturers. Indiana Lumbermens writes commercial general liability policies, commercial automobile policies and a host of other insurance products. If you have been injured in a Northwest Indiana car accident or slip, trip and fall and the defendant is insured by Lumbermens AM Best's downgrade of the company will have no impact on your claim.
Indiana Lumbermens is still a strong insurance company with plenty of monetary reserves to pay for your personal injury claim.
STILL HAVE QUESTIONS?
If you have any questions about a Northwest Indiana car, motorcycle, truck or slip, trip and fall accident call a Michigan City personal injury lawyer at (219) 690-8997.