A.M. Best Withdraws Ratings of Safeway County Mutual Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Safeway County Mutual Insurance Company (County Mutual) (headquartered in Westmont, IL).

The rating actions follow the announcement that Safeway Insurance Company sold all of its outstanding shares of Coast to Coast Corporation to Redpoint Auto Holdings LLC. County Mutual is managed by Safeway Insurance Company through a management agreement, and the managing contract is owned by Coast to Coast Corporation, a company domiciled in Texas.

This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005819/en/

A.M. Best
Kimberly Muccia, 908-439-2200, ext. 5731
Financial Analyst
[email protected]
or
Brian O’Larte, 908-439-2200, ext. 5138
Senior Financial Analyst
brian.o'[email protected]
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
[email protected]

Source: A.M. Best

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