A.M. Best Co. has placed the financial strength rating of GMAC Insurance Group under review with negative implications.
Best said the new status reflects the financial pressures that exist at the group's ultimate parent, General Motors Corporation.
The ratings will remain under review pending further discussions with management on strategic initiatives that would lessen any potential impact due to additional deterioration at GM.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
