Hallmark Announces AM Best Rating Changes, Interim Final Arbitration Award, and Partnership with an AM Best “A” Rated Carrier
In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings).
- In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings).
- On May 4, 2023, the arbitration panel rendered an interim final award, subject to final determination of certain amounts under settlement.
- AM Best indicated that its continuing review of Hallmark’s rating would be subject to several factors, including the final disposition of this arbitration proceeding.
- We understand that in certain situations, an insured requires AM Best “A” rated paper, for which we have entered a partnership with an AM Best “A” rated carrier.