National States was downgraded by AM Best from C++ (Marginal) to C- (Weak) due to continuing operating losses associated with a closed book of Home Health Care business in South Florida and a competitive Med Supp Market. The outlook was negative. Subsequent to the downgrade, National States management asked that their AM Best rating be de-listed, so their current AM Best rating is showing up as NR-4.
Here is the story from AM Best. (Subscription required to view Full Story.) You can also find the story here.
[...] study the journal knew that NS was in a taste of playing painfulness over a assemblage ago. I blogged here most their most past AM Best downgrade and here most their downgrade before that. Generally, I [...]
[...] so those that follow the blog knew that NS was in a bit of financial distress over a year ago. I blogged here about their most recent AM Best downgrade and here about their downgrade before that. Generally, [...]