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The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest
Best Downgrades Ratings of Tower Hill Prime Insurance of Florida December 11, 2020 AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance Co., headquartered in Gainesville, Fla. The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative. Best said the ratings reflect Tower Hill Prime’s balance sheet strength, which AM Best categorizes as very strong, ...