A.M. Best Revises Outlooks to Stable for Wisconsin Municipal Mutual Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Wisconsin Municipal Mutual Insurance Company (WMMIC) (Madison, WI). The revised outlooks reflect the decline in policyholders’ surplus and risk-adjusted capitalization due to recent unfavorable trends in underwriting and operating results. The decline was attributed to several losses from civil r
Source: BusinessWire-Primary

A.M. Best Revises Outlooks to Stable for Wisconsin Municipal Mutual Insurance Company