AM Best cuts Country-Wide outlook to negative

The New York's Country-Wide Insurance Company has had its
ratings outlook downgraded from stable to negative by AM Best.
The ratings agency affirmed its financial strength assessment of
C+ on the insurer.
Country-Wide operates in the state of New York, focusing on
private passenger and commercial motor business in the wider New
York City metropolitan area.
AM Best said it has revised the company's outlook because of
a deterioration in the insurer's risk-adjusted capitalisation
due to reserve str