by Calculated Risk on 11/01/2008 12:12:00 AM

In this case, the court ruled for the plaintiff and awarded a multi-million dollar judgment. What makes this interesting is that in this court filing, the Plaintiff objects to the bond issued by CNA Surety’s subsidiary, Western Surety, on the grounds that no one knows what an A.M. Best's rating means any more, especially a rating that is 10 months old.

The argument is fascinating reading (from page 3 through 8) and shows another possible impact of the credit crisis.