In regulatory news:

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Stonetrust Commercial Insurance Company (Stonetrust) (headquartered in Baton Rouge, LA). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Stonetrust’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Read more here.

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