OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit ratings to “bb+” from “bbb-” of Buckeye State Mutual Insurance Company (Buckeye) (Piqua, OH) and its insurance affiliate: Home and Farm Insurance Company (Fort Wayne, IN). The outlook for all ratings has been revised to stable from negative. The rating downgrades reflect Buckeye’s significant operating losses in recent years, which led to sizeable declines in i
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