Am best downgrades and withdraws credit ratings of conifer holdings, inc. and subsidiaries

Oldwick, n.j.--(business wire)--am best has downgraded the financial strength rating to c (weak) from b+ (good) and the long-term issuer credit ratings (long-term icr) to “ccc” (weak) from “bbb-” (good) of conifer insurance company (cic) and white pine insurance company (white pine), subsidiaries of conifer holdings, inc. (chi) [nasdaq: cnfr], a publicly traded property/casualty insurance holding company. additionally, am best has downgraded the long-term icr to “c” (poor) from “bb-” (fair) of.
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