OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb” from “bbb-” of Galen Insurance Company (Galen) (St. Louis, MO). The outlook for the ratings was also revised to negative from stable. The downgrade reflects a significant drop in risk-adjusted capitalization and loss of policyholders’ surplus from poor operating results in 2014 and in the first quarter of 2015. This was mainly due to unexpected a
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