AM Best downgrades CEA ratings citing reduced claims-paying capacity
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AM Best downgrades CEA ratings citing reduced claims-paying capacity

Liz Bury
19 January 2023
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AM Best has downgraded the financial strength rating (FSR) of the California Earthquake Authority (CEA) to B++ (good) from A- (excellent).

AM Best said the ratings reflected CEA’s balance sheet strength, which it assessed as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

The

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Liz Bury
Editor, Insurance Insider ILS
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