A.M. Best Upgrades Ratings of Springfield Insurance
OREANDA-NEWS. A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from B- (Fair) and the issuer credit rating (ICR) to “a” from “bb-” of Springfield Insurance Company (Springfield) (Covina, CA). The outlook assigned to each rating is stable. At the same time, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of Heritage Indemnity Company (Heritage) (Irvine, CA). The outlook for each rating is stable.