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Based in Irvine, California, the group writes direct property and casualty insurance in Arizona, California, Colorado, New Mexico, Nevada, Utah and Texas for preferred homeowners. The Western Mutual Insurance Group has a financial strength rating of 'A' (Excellent) by A.M. Best, a Nationally Recognized Statistical Rating Organization by the ...
The most well-known insurance specific rating company, the scores provided by AM Best are often considered the yardstick for financial strength in the industry. The highest rating offered is A++ ...
The average annual cost of home insurance in Texas last year was $3,875 — which is 113 percent more than the national average of $1,820. Texas has some of the highest homeowners insurance rates ...
This explains why Lending Tree's statistics show Texas recorded a nearly 55% increase in homeowner insurance premiums between 2019 and 2024. Cumulatively, Texas' home insurance premium increases ...
In 2017, UPC Insurance merged with American Coastal Insurance Co. [10] Journey Insurance Company offers homeowners and commercial residential property insurance through independent agents and brokers in Florida, South Carolina, and Texas. [11] It received an “A−“ Financial Strength Rating and “a-“ Issuer Credit Rating from A.M. Best. [12]
The A.M. Best rating of the insurance subsidiary has increased multiple times moving from a “Vulnerable” financial strength rating of “B−” to the current “Excellent” financial strength rating of “A−”. On December 31 2020, State Farm Insurance announced its acquisition of GAINSCO as an owned subsidiary for $400 million. [3] [4]
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