A.M. Best has withdrawn the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Valley Insurance Company (Los Angeles, CA).
The rating withdrawals are based on Valley Insurance recently being sold to an unaffiliated third party. Prior to the sale, Valley Insurance was a subsidiary of Trinity Universal Insurance Company and a member of the Kemper P & C Group.
The methodology used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's rating process and contains the different rating criteria employed in the rating process. Best's Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright (C) 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
SOURCE: A.M. Best
A.M. Best Michael T. Venezia, 908-439-2200, ext. 5034 Senior Financial Analyst email@example.com or Gary Davis, 908-439-2200, ext. 5665 Assistant Vice President firstname.lastname@example.org or Rachelle Morrow, 908-439-2200, ext. 5378 Senior Manager, Public Relations email@example.com or Jim Peavy, 908-439-2200, ext. 5644 Assistant Vice President, Public Relations firstname.lastname@example.org