Path: bloom-picayune.mit.edu!enterpoop.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: INSURANCE Date: Wed, 25 Nov 92 07:05:17 EST Message-ID: Lines: 17 HEADLINE: INSURANCE Publication Date: Tuesday November 24, 1992 BYLINE: Prudential, Allstate Downgraded by Ratings Agencies: Hurricane Andrew continued to take its toll on the insurance industry as rating agencies downgraded Prudential Insurance Co. of America and Allstate Insurance Group. Moody's Investors Service lowered its financial strength rating of Prudential and its subsidiaries, although the company is still in the "excellent" category. A.M. Best Co., another ratings agency, lowered its assessment of Allstate's property-casualty operations from A to A-minus. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM