- Published: May 2012
- Region: United States
Research Update: Hochheim Prairie Farm Mutual Insurance Assoc. Outlook Revised To Negative On Capital Model Update; Ratings Affirmed May 11
- Published: May 2011
- Standard & Poors
Hochheim Prairie Farm Mutual Insurance Assoc. (HPFM) has a potential for decline capital strength relative to the rating based on the reassessment of its one-in-250 year probable maximum loss. As a result, HPFM's and its wholly owned subsidiary Hochheim Prairie Casualty Insurance Co.'s (HPCIC's) capital levels no longer support the ratings on both companies (even though, surplus, on an absolute basis, is at the highest level in the companies' history). We revised our outlook on HPFM and HPCIC to negative from stable. We affirmed our 'BB' issuer credit and insurer financial strength ratings on both companies. On May 19, 2011, Standard & Poor's Ratings Services revised its outlook on Hochheim Prairie Farm Mutual Insurance Assoc. (HPFM) and its wholly owned...
Companies mentioned in this report are: Hochheim Prairie Farm Mutual Insurance Assoc.,Hochheim Prairie Casualty Insurance Co.
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Hochheim Prairie Farm Mutual Insurance Assoc.,Hochheim Prairie Casualty Insurance Co.