AM Best goes positive on American Strategic Insurance

AM Best has attached a positive outlook to its rating of
Florida-based US homeowners insurer American Strategic Insurance
Corp (ASI), citing the influence of its majority owner
Progressive.
The US auto insurance giant took control of ASI in an $875mn
deal that closed in 2015.
Now, AM Best has revised up the outlook for ASI's A
financial strength rating citing "the financial and
operational enhancements" provided by its new parent.
"In addition, ASI's current distribution network has
been broaden