J N Automobile Roadside Inc News

Loading the latest news for J N Automobile Roadside Inc

1. 2/9/2013 12:00:00 AM A.M. Best Affirms Ratings of The Allstate Corp. and Its Subsidiaries
   published by Manufacturing Close-Up
   AM Best Affirms Ratings of The Allstate Corp and Its Subsidiaries Manufacturing Close Up AM Best Co has affirmed the financial strength rating FSR of A Superior and issuer credit ratings ICR of aa of all members of Allstate Insurance Group AllstateConcurrently AM Best has affirmed the FSR of A Superior and ICR of aa of the key lifehealth insurance members of the Allstate Financial Companies Allstate Financial In addition AM Best has affirmed the debt ratings of aa of the remaining outstanding notes issued under the funding agreement backed securities programs of Allstate Financials lead life company Allstate Life Insurance Company The outlook for all the above ratings is stableAM Best also has revised the outlook to positive from stable and affirmed the FSR of A Excellent and ICR of a of First Colonial Insurance Company First Colonial Jacksonville FL Additionally AM Best has affirmed the ICR of a and debt ratings of the organizations ultimate parent The Allstate Corp Allcorp Northbrook IL NYSE ALL The outlook for these ratings is stable See link below for a detailed listing of the companies and ratingsThe ratings reflect Allstates solid risk adjusted capitalization generally favorable operating performance and strong business profile with a significant market presence The groups capital position reflects its profitable earnings which have contributed to surplus growth in most of the past five year period excluding parental dividends Allstates non catastrophe operating results continue to be favorable as a result of enhanced pricing sophistication and improved loss cost management while maintaining underwriting discipline Additionally Allstate has a significant market presence and strong overall business profile as the second largest personal lines writer in the United States Furthermore Allstate maintains moderate financial leverage as well as additional liquidity at the holding company level in both Allcorp and its subsidiary Kennett Capital Inc and through access to capital markets lines of credit and its commercial paper program The groups improved automobile and homeowners margins are attributable to rate adequacy along with its solid core underwriting capabilities prudent capital management and sizeable investment income Furthermore Allstates underwriting results also reflect the favorable impact of its ongoing risk management actions various expense management initiatives and significant investment in technologyPartially offsetting these positive rating attributes is Allstates inherent exposure to natural disasters due to its expansive market presence throughout the United States This exposure has been evident as significant net catastrophe losses have been reported in two of the past three years However during this time Allstate has executed an extensive catastrophe risk exposure reduction program including a significantly enhanced property catastrophe reinsurance program non renewals stricter underwriting guidelines increased deductibles and discontinuance of selected lines of coverage including earthquakes The groups underwriting results in 2012 benefited from these risk reduction actions and lower catastrophe lossesKey rating drivers that could produce a revision in the outlook or a downgrading of the ratings include capitalization that does not meet AM Bests Superior FSR standards a sustained period of net losses or catastrophe losses out of proportion with market share and consolidated financial leverage including short term debt of greater than 30 percentIn affirming Allstate Financials ratings AM Best notes these ratings significantly benefit from the financial strength and support of its immediate parent Allstate Insurance Company AIC as well as its ultimate parent Allcorp The rating affirmations also recognize the benefits from the strong Allstate brand name recognition as well as the competitive advantages derived from Allstates exclusive agencies and insurance specialists that provide Allstate Financial with.
   
2. 2/9/2013 12:00:00 AM A.M. Best Affirms Ratings of The Allstate Corp. and Its Subsidiaries
   published by Wireless News
   AM Best Affirms Ratings of The Allstate Corp and Its Subsidiaries Wireless News AM Best Co has affirmed the financial strength rating FSR of A Superior and issuer credit ratings ICR of aa of all members of Allstate Insurance Group AllstateConcurrently AM Best has affirmed the FSR of A Superior and ICR of aa of the key lifehealth insurance members of the Allstate Financial Companies Allstate Financial In addition AM Best has affirmed the debt ratings of aa of the remaining outstanding notes issued under the funding agreement backed securities programs of Allstate Financials lead life company Allstate Life Insurance Company The outlook for all the above ratings is stableAM Best also has revised the outlook to positive from stable and affirmed the FSR of A Excellent and ICR of a of First Colonial Insurance Company First Colonial Jacksonville FL Additionally AM Best has affirmed the ICR of a and debt ratings of the organizations ultimate parent The Allstate Corp Allcorp Northbrook IL NYSE ALL The outlook for these ratings is stable See link below for a detailed listing of the companies and ratingsThe ratings reflect Allstates solid risk adjusted capitalization generally favorable operating performance and strong business profile with a significant market presence The groups capital position reflects its profitable earnings which have contributed to surplus growth in most of the past five year period excluding parental dividends Allstates non catastrophe operating results continue to be favorable as a result of enhanced pricing sophistication and improved loss cost management while maintaining underwriting discipline Additionally Allstate has a significant market presence and strong overall business profile as the second largest personal lines writer in the United States Furthermore Allstate maintains moderate financial leverage as well as additional liquidity at the holding company level in both Allcorp and its subsidiary Kennett Capital Inc and through access to capital markets lines of credit and its commercial paper program The groups improved automobile and homeowners margins are attributable to rate adequacy along with its solid core underwriting capabilities prudent capital management and sizeable investment income Furthermore Allstates underwriting results also reflect the favorable impact of its ongoing risk management actions various expense management initiatives and significant investment in technologyPartially offsetting these positive rating attributes is Allstates inherent exposure to natural disasters due to its expansive market presence throughout the United States This exposure has been evident as significant net catastrophe losses have been reported in two of the past three years However during this time Allstate has executed an extensive catastrophe risk exposure reduction program including a significantly enhanced property catastrophe reinsurance program non renewals stricter underwriting guidelines increased deductibles and discontinuance of selected lines of coverage including earthquakes The groups underwriting results in 2012 benefited from these risk reduction actions and lower catastrophe lossesKey rating drivers that could produce a revision in the outlook or a downgrading of the ratings include capitalization that does not meet AM Bests Superior FSR standards a sustained period of net losses or catastrophe losses out of proportion with market share and consolidated financial leverage including short term debt of greater than 30 percentIn affirming Allstate Financials ratings AM Best notes these ratings significantly benefit from the financial strength and support of its immediate parent Allstate Insurance Company AIC as well as its ultimate parent Allcorp The rating affirmations also recognize the benefits from the strong Allstate brand name recognition as well as the competitive advantages derived from Allstates exclusive agencies and insurance specialists that provide Allstate Financial with significant cross selling opportunities within the enterpriseThe current rating actions also reflect Allstate Financials adequate levels of consolidated stand alone risk adjusted capitalization as well as the improving performance of its fixed income investment portfolio which continues to experience declining levels of realized investment losses and is currently in a large net unrealized gain position Additionally the affirmation.
   
3. 1/31/2013 9:00:00 AM A.M. Best Affirms Ratings of The Allstate Corporation and Its Subsidiaries
   published by Business Wire
   Concurrently, A.M. Best has affirmed the FSR of A+ and ICR of“ aa-” of the key life/health insurance members of the Allstate Financial Companies. In addition, A.M. Best has affirmed the debt ratings of“ aa-” of the remaining outstanding notes issued under the funding agreement-backed securities programs of Allstate Financial’ s lead life company Allstate Life...