A.M. Best Co.
has affirmed the financial strength rating (FSR) of D (Poor) and issuer credit rating (ICR) of “c” of
Lincoln General Insurance Company
(Lincoln) (York, PA). The outlook for both ratings is negative. Concurrently, A.M. Best has withdrawn the ratings at the company’s request and assigned an NR-4 to the FSR and an “nr” to the ICR.
On April 1, 2010, the Commonwealth Court of Pennsylvania ruled that the disposition of Lincoln by
Kingsway Financial Services Inc.
(KFSI) (Mississauga, Ontario) [NYSE/TSX: KFS] in October 2009 was legal. Accordingly, A.M. Best no longer evaluates Lincoln as a member of KFSI.
Currently, A.M. Best is unaware of any appeal of the court decision by the State Insurance Department of Pennsylvania. However, if there is an appeal and should the original decision be overturned, A.M. Best would evaluate Lincoln as a member of KFSI.
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The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at
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