In 2018, Vermont-domiciled STICO Mutual Insurance Company Ins. Co. Risk Retention Group (STICO) saw its outlook from A.M. Best downgraded to negative. STICO’s A.M Best rating is a critical component of the RRG’s operation, as many of its members require A-rated paper.
According to STICO President Colin Donovan, A.M. Best had told him that “we want to see our A-rated carriers demonstrate consistent premium growth year after year.”
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