{"id":21099,"date":"2023-12-11T17:54:34","date_gmt":"2023-12-11T17:54:34","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=751592"},"modified":"2023-12-11T17:54:34","modified_gmt":"2023-12-11T17:54:34","slug":"am-best-upgrades-financial-strength-rating-of-louisiana-dealer-services-insurance","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/12\/11\/am-best-upgrades-financial-strength-rating-of-louisiana-dealer-services-insurance\/","title":{"rendered":"AM Best Upgrades Financial Strength Rating of Louisiana Dealer Services Insurance"},"content":{"rendered":"<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/southcentral\/2023\/12\/11\/751592.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/southcentral\/2023\/12\/11\/751592.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to \u201ca\u201d (Excellent) from \u201ca-\u201d (Excellent) of Louisiana Dealer Services Insurance, Inc. (LDS) and its subsidiaries, Loss Deficiency Surety Insurance Company, Inc. and Versant Casualty Insurance Company.<\/p>\n<p>All companies are headquartered in Baton Rouge. Louisiana and are collectively referred to as LDS Group. The outlooks of these Credit Ratings (ratings) are stable.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>The ratings reflect LDS Group\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.<\/p>\n<p>The LDS Group maintains an established market position as a vehicle service contract provider and mechanical breakdown insurer predominantly in Louisiana and Mississippi. The LDS Group offers credit and gap insurance among other products.<\/p>\n<p>According to AM Best, the rating upgrades reflect the supportive improvement in LDS Group\u2019s balance sheet strength which is underpinned by risk-adjusted capitalization at the strongest level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), its conservative investment portfolio and sound liquidity measures. AM Best cites strong surplus growth that was achieved over the last five years and reduced exposure to weather-related events.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/louisiana\/\" class=\"btn btn-sm btn-primary tagtag\">Louisiana<\/a> <a href=\"https:\/\/www.insurancejournal.com\/company\/ambest\/\" class=\"btn btn-sm btn-primary tagtag\">AM Best<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"751592\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>The most important insurance news,in your inbox every business day.<\/h4>\n<p>Get the insurance industry&#8217;s trusted newsletter<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to \u201ca\u201d (Excellent) from \u201ca-\u201d (Excellent) of Louisiana Dealer Services Insurance,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[448,1,77],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21099"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21099"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21099\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}