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Lincoln General Downgraded to B-
Bulletin – Wednesday, February 11, 2009
Lincoln General Insurance Company has been downgraded by A.M. Best from a B+ to B- with a negative outlook on January 22, 2009. This is the second downgrade of Lincoln in less than 12 months.
Lincoln’s parent company, Kingsway Financial Services, Inc. (Kingsway) announced on February 9, 2009 that they expect to post a material fourth quarter loss due to underwriting losses at Lincoln General. The Kingsway web site has posted a press release. Click here to read the full report.
Lincoln’s parent company, Kingsway Financial Services, Inc. (Kingsway) announced on February 9, 2009 that they expect to post a material fourth quarter loss due to underwriting losses at Lincoln General. The Kingsway web site has posted a press release. Click here to read the full report.