A.M. Best Places Vesta On Review
NU Online News Service, March 16, 12:30 p.m. EST?A.M. Best Co. has placed its "B" (Fair) financial strength rating for the property-casualty units of Vesta Insurance Group under review with "negative" implications, prompted by the insurer's capital deterioration and the ongoing uncertainty about the company's capital-raising plan.[@@]
Additionally, the Oldwick, N.J.-based rating firm has placed its "B-minus" senior debt and "triple-C" deferrable capital securities ratings for Vesta under review with "negative" implications.
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