AM Best Maintains Negative Status for Curi Insurance
The insurer remains under review as it works to stabilize its balance sheet through 2027.
Updated on Oct. 16, 2026 in Insurance
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Rating agency AM Best has maintained a review status with negative implications for the credit ratings of the Raleigh-based Curi Insurance Group. The decision follows a decline in surplus and adverse development reported by the insurer.
Why it matters
Credit ratings help signal an insurance company's financial health, and an under-review status indicates that current metrics like balance sheet strength have fallen short of prior expectations. This ongoing assessment reflects the firm's need to stabilize its capitalization plans.
AM Best has maintained the A- Financial Strength Rating and a- Long-Term Issuer Credit Rating for Curi Insurance Group members. These ratings remain under review following a surplus decline and adverse development first identified in April.
The players
AM Best
A global credit rating agency that evaluates the financial stability and strength of insurance companies.
Curi Insurance Group
A Raleigh-based insurance provider currently undergoing an evaluation of its financial strength and capitalization.
The details
The negative status serves as a monitor for the insurer's balance sheet strength and operating performance. AM Best is currently evaluating how the firm plans to manage its capitalization through the end of 2026 and into 2027. This review is a standard oversight mechanism to ensure that the company maintains the required financial buffers to cover policyholder obligations.
Timeline
April 9, 2026: Ratings were initially placed under review with negative implications.
October 16, 2026: AM Best maintained the current rating status for the insurer.
Year-end 2026: Monitoring of the firm's capitalization plans continues.
2027: AM Best continues to gather information regarding the company's operational plans.
Money Landscape
This action aligns with the standard AM Best credit rating assessment methodology used to monitor insurer solvency. It reflects a period of heightened scrutiny for the firm as it works to address balance sheet fluctuations within the broader insurance market.
Policyholders should monitor the financial stability of their insurers as part of their annual household financial planning. If you are concerned about your coverage, speak with a qualified financial professional to review your current policy and the insurer's stability.
The takeaway
An under-review rating serves as a signal for policyholders to remain informed about the financial health of the institutions protecting their assets. You may wish to periodically check the financial strength ratings of your insurance providers to ensure they meet your risk tolerance.
Further reading
Learn more about how to evaluate insurance stability in our Insurance guide.
Source note: This article includes information reported by Ambest.
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