AM Best downgrades State Farm General Insurance FSR to B
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AM Best downgrades State Farm General Insurance FSR to B

The downgrade reflects the company’s balance sheet strength, which AM Best assessed as weak.

By Hal Stucker
March 28, 2024
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state farm logo finance.jpg

AM Best has downgraded the financial strength rating and the long-term ICR of State Farm General Insurance Company to B from A and to bb+ from a, respectively.

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