A.M. Best cuts Murfreesboro insurer's rating

Ratings agency A.M. Best has lowered its opinion on Consumers Insurance USA by a notch and says its outlook is negative. The main reason for the downgrade is the 18-year-old property & casualty company's losses the last few years, which have cut its surplus by 13 percent.

The negative outlook is due to the company’s weakened capital position and history of significantly increasing reserves on prior accident year claims as well as the ongoing challenges for management to improve operating results in the near term.