A.M. Best Co. said Employers Direct Insurance Company (EDIC), a California-based specialty workers' compensation carrier recently acquired by Alleghany Corp., has been given a financial strength rating of "A-minus" (excellent).

The Oldwick, N.J., rating firm also announced it has assigned EDIC of Agoura Hills, Calif., an issuer credit rating of "a-minus."

Best said the outlook is stable for both ratings on the firm, which became a subsidiary in July of Delaware-domiciled Alleghany Corp. holding company.

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