AM Best Downgrades Vermont Mutual to ‘A’ Rating; Cites Improvements in 2024 Results

AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “aa-” (Superior) of Vermont Mutual Insurance Co. and its fully reinsured subsidiaries, Northern Security Insurance Co., …