The National Security Group, Inc. Announces That A.M. Best Releases Updated Ratings
April 23 2009 - 11:20AM
Business Wire
The National Security Group, Inc. (NASDAQ: NSEC) announced that,
on April 22nd, A.M. Best Co. affirmed the financial strength rating
(FSR) of B++ (Good) and issuer credit ratings (ICR) of �bb� of The
National Security Group. A.M. Best has also affirmed the FSR of B++
(Good) and the ICR of �bbb� of National Security Fire and Casualty
Company (NSFC) as well as the FSR of B+ (Good) and ICR of �bbb-� of
its wholly-owned subsidiary, Omega One Insurance Company, Inc.
(Omega One). Concurrently, A.M. Best affirmed the FSR of B (Fair)
and assigned an ICR of �bb� to National Security Insurance Company.
A.M. Best revised the outlook to negative from stable for The
National Security Group and subsidiary, National Security Fire
& Casualty Company. The outlook for Omega One Insurance Company
and National Security Insurance Company remained stable.
With its home office in Elba, Alabama, The National Security
Group, Inc. is a regional insurance holding company. Through our
subsidiary insurance companies, we offer a diversified line of
home, auto, life, accident and supplemental health insurance
coverage. Company shares are traded on the NASDAQ Global Market
under the symbol NSEC.
Founded in 1899, A.M. Best Company is a global full-service
credit rating organization dedicated to serving the financial and
health care service industries, including insurance companies,
banks, hospitals and health care system providers. For more
information, visit www.ambest.com.
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