Louisiana
AM Best downgrades Louisiana Farm Bureau with negative outlook – Reinsurance News
AM Best has downgraded Louisiana Farm Bureau Mutual Insurance Company credit ratings and assigned them a negative outlook, a move that reflects the company’s deterioration of its key balance sheet strength.
Louisiana Farm Bureau Financial Strength Rating has been downgraded to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating was downgraded to “bbb” (Good) from “a-” (Excellent).
According to the agency, these ratings reflect the company’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management (ERM).
Yet, the downgrades reflect deterioration in Louisiana Farm Bureau’s key balance sheet strength and operating return metrics, which AM Best notes, “have come in the form of policyholder’s surplus erosion and declining levels of risk-adjusted capitalization.”
It continued: “In addition, operating performance has trended downward over the past few years and was adverse particularly in 2023. The volatility has stemmed predominately from much higher reinsurance costs over the past several years following catastrophe loss activity from Hurricanes Ida, Laura and Delta. Also, inflationary pressures on loss costs and convective storm activity over the past few years has contributed further to the deterioration.
“As a result, the company’s five-year average operating return metrics have fallen materially relative to the personal property industry composite. Surplus has also fallen in four out of the past five years, with the largest decline occurring in 2023.”
Louisiana Farm Bureau has been able to address the adverse trends through stricter underwriting guidelines, and sizable rate increases, which should somewhat offset the material increase in reinsurance costs, according to the agency.
“In an effort to stabilise its operating performance and balance sheet strength metrics, Louisiana Farm Bureau also continues to focus diligently on managing its coastal exposures, property inspections, and refining its underwriting standards,” AM stated.
Concluding: “However, given the severity of loss over the past several years, it remains to be seen whether these initiatives will be proven effective. As a result, there is a negative outlook for the ratings, which encompasses pressure on the company’s ERM building block assessment. If these trends continue, there could be a downward revision in the company’s ERM assessment.”
The news of Louisiana Farm Bureau credit ratings follow AM Best announcement regarding the downgrade of Farm Bureau Mutual Insurance Company of Arkansas (FBMICA) credit ratings.
According to the agency, these downgrades were driven by ongoing severe weather-related losses, which have significantly weakened FBMICA’s policyholder surplus and overall risk-adjusted capitalisation.
MONROE, La. (KNOE) – Shelby Bordelon of Iberville Parish was crowned Miss Louisiana 2026 Saturday night in Monroe, earning the title and a $15,000 scholarship. Bordelon, a graduate student at Southeastern Louisiana University, said the role is about more than pageantry, emphasizing the yearlong service mission tied to the crown.
“Part of the mission of this organization is the service behind it,” Bordelon said. “And the service is so important, you are serving your state for a year… having the opportunities to connect with others… to continue making an impact and leaving my mark on others as well.”
Bordelon, who finished first runner-up in last year’s competition, said the moment her name was called as the winner still hasn’t fully sunk in.
“It was every emotion you could think of that was running through my mind at that moment,” she said, adding she focused on preparation and perspective this year. “I really wanted to go into this year with no regrets… just really trusting in that mindset and that plan.”
Bordelon said she hopes to use her platform to raise awareness for her nonprofit, Claire’s Promise, which focuses on combating drunk driving.
You can learn more about the nonprofit here. She will now represent Louisiana at the Miss America Pageant, which begins in late August in West Palm Beach, Florida.
Copyright 2026 KNOE. All rights reserved.
The Louisiana Lottery offers several draw games for those aiming to win big.
Here’s a look at June 20, 2026, results for each game:
Winning Powerball numbers from June 20 drawing
16-20-44-48-50, Powerball: 15, Power Play: 2
Check Powerball payouts and previous drawings here.
Winning Pick 3 numbers from June 20 drawing
1-8-2
Check Pick 3 payouts and previous drawings here.
Winning Pick 4 numbers from June 20 drawing
1-4-7-5
Check Pick 4 payouts and previous drawings here.
Winning Pick 5 numbers from June 20 drawing
6-6-2-7-9
Check Pick 5 payouts and previous drawings here.
Winning Easy 5 numbers from June 20 drawing
01-06-18-25-33
Check Easy 5 payouts and previous drawings here.
Winning Lotto numbers from June 20 drawing
09-13-16-17-33-41
Check Lotto payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Are you a winner? Here’s how to claim your lottery prize
All Louisiana Lottery retailers will redeem prizes up to $600. For prizes over $600, winners can submit winning tickets through the mail or in person at Louisiana Lottery offices. Prizes of over $5,000 must be claimed at Lottery office.
By mail, follow these instructions:
- Sign and complete the information on the back of your winning ticket, ensuring all barcodes are clearly visible (remove all scratch-off material from scratch-off tickets).
- Photocopy the front and back of the ticket (except for Powerball and Mega Millions tickets, as photocopies are not accepted for these games).
- Complete the Louisiana Lottery Prize Claim Form, including your telephone number and mailing address for prize check processing.
- Photocopy your valid driver’s license or current picture identification.
Mail all of the above in a single envelope to:
Louisiana Lottery Headquarters
555 Laurel Street
Baton Rouge, LA 70801
To submit in person, visit Louisiana Lottery headquarters:
555 Laurel Street, Baton Rouge, LA 70801, (225) 297-2000.
Hours: 8 a.m. to 4:30 p.m., Monday through Friday. This office can cash prizes of any amount.
Check previous winning numbers and payouts at Louisiana Lottery.
When are the Louisiana Lottery drawings held?
- Powerball: 9:59 p.m. CT Monday, Wednesday and Saturday.
- Mega Millions: 10 p.m. CT Tuesday and Friday.
- Pick 3, Pick 4 and Pick 5: Daily at 9:59 p.m. CT.
- Easy 5: 9:59 p.m. CT Wednesday and Saturday.
- Lotto: 9:59 p.m. CT Wednesday and Saturday.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Louisiana editor. You can send feedback using this form.
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