A.M. Best Upgrades Ratings of Most Members of Safeway Insurance Group; Assigns Rating to Safeway Direct Insurance Company

A.M. Best Co. has upgraded the financial strength ratings to A (Excellent) from A- (Excellent) of Safeway Insurance Company (Illinois), Safeway Insurance Company of Alabama, Safeway Insurance Company of Georgia, Safeway Insurance Company of Louisiana and Oak Brook County Mutual Insurance Company (Texas). All six companies are members of the Safeway Insurance Group (Safeway) (Westmont, IL). Despite catastrophe exposure and rising loss costs, Safeway has produced profitable operating results reflective of favorable loss experience and a competitive expense ratio…..

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