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AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to "bb+" from "bbb-" of Cameron Mutual Insurance Co. (Cameron Mutual) in Cameron, Missouri.
The outlook of these ratings remains stable.
Formed in 1892 as the Farmers Mutual Tornado, Cyclone and Windstorm Association, the company writes property/casualty insurance business in Missouri, Arkansas and Iowa. It has a branch claims office located in Springfield, Missouri.
Policyholders voted...