A.M. Best Affirms and Withdraws Ratings of Kentucky National Insurance Company.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of C- (Weak) and the issuer credit rating (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "cc" of Kentucky National Insurance Company (Kentucky National) (Lexington, KY). The outlook for both ratings is negative. Subsequently, A.M. Best has withdrawn the FSR and ICR and assigned a category NR-3 (Rating Procedure Inapplicable in·ap·pli·ca·ble adj. Not applicable: rules inapplicable to day students. in·ap ) to Kentucky National. The withdrawing of the ratings reflects Kentucky National's inactive status Status of reserve members on an inactive status list of a Reserve Component or assigned to the Inactive Army National Guard. Those in an inactive status may not train for points or pay, and may not be considered for promotion. , following the run-off of its business and its ensuing sale to First Kentucky Insurance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which was finalized on August 8, 2007. The parent has added capital to increase surplus to $6 million in anticipation of writing new business at a future date. Kentucky National will write automobile, homeowners, boats, mobile homes and various types of commercial insurance exclusively through independent insurance agents. For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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