CHICAGO - The Warranty Group, Inc., today announced that A.M. Best has affirmed the financial strength and issued credit ratings of its wholly-owned Virginia Surety Company, Inc. to A- (Excellent) and revised the outlook to positive from stable.
According to A.M. Best, "The rating actions reflect Virginia Surety's supportive capitalization, profitable underwriting results and management's specialty niche expertise in the extended warranty market."
Virginia Surety and its affiliated companies are the largest underwriters of consumer extended warranties worldwide. Underwriting activities principally include coverage for extended warranty programs on automobiles, household appliances, consumer electronics, credit card enhancement programs and nonstructural home warranty.
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