A.M. Best Assigns Initial Rating to Delta Dental Plan of Michigan.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Oct. 25, 2002 A.M. Best Co. has assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. an initial public data rating (pd) of B+pd to Delta Dental Plan Delta Dental Plan, n.pr an active member organization of the Delta Dental Plans Association (a not-for-profit organization), formed and guided by state dental societies to provide prepaid dental care to the public on a group basis. of Michigan (DDMI DDMI David Davies Memorial Institute of International Studies (Aberystwyth, UK) DDMI Diavik Diamond Mines Incorporated ) (Lansing, MI). The rating of DDMI reflects its adequate capital and surplus for its business risk. Offsetting these strengths are the losses reported in 2001, the limited geographic operating area, product portfolio and the high ratio of common stocks to invested assets--which includes a significant investment in its affiliate--Great Lakes Delta Insurance Company (Lansing, MI). A pd rating is an A.M. Best opinion rating of the long-term financial strength of an insurer or reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. . The rating is expressed using the same rating scale and definitions as an A.M. Best interactive rating of long-term financial strength, but a pd rating modifier (programming) modifier - An operation that alters the state of an object. Modifiers often have names that begin with "set" and corresponding selector functions whose names begin with "get". has been added to ensure the user is aware of the more limited information basis for the rating. The pd rating does not reflect the detailed interviews of senior management and access to non-public data and other information, which plays a significant role in the interactive rating analysis. Best's Public Data Ratings are replacing Best's Qualified Ratings. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion