Landcar Casualty Company, a subsidiary of Asbury Automotive Group, received an upgraded Financial Strength Rating to A (Excellent) from A- (Excellent) by AM Best. This enhanced assessment establishes Landcar's classification from stable to positive.
AM Best affirmed Landcar's balance sheet strength at the very strong level, supported by the strongest risk-adjusted capitalization and solid balance sheet liquidity. The rating agency conducts an annual review of Landcar, a provider of auto-related insurance products.
The upgrade highlights Landcar's niche business profile and its expansion, which has diversified its geographic footprint and enhanced growth opportunities. This improved rating reflects the financial stability and operational integrity of a key component of Asbury's Total Care Auto business.
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