In corporate news:

Safety National announced today that the company’s A.M. Best Financial Size Category (FSC) has advanced, increasing Safety National’s rating to A+ XIV. According to A.M. Best, “The FSC is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts.” A FSC of XIV designates adjusted policyholder surplus between $1.5 billion and $2 billion. Safety National reports policyholders’ surplus of $1.5 billion in the company’s 2015 year-end financials.

Read the full statement from Safety National here.

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