A.M. Best Assigns Issuer Credit Ratings to Health Alliance Medical Plans and Health Alliance-Midwest, Inc.OLDWICK, N.J. -- A.M. Best Co. has assigned an 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 "bbb" to Health Alliance Medical Plans (Health Alliance) and an ICR of "bbb-" to Health Alliance-Midwest, Inc. (Health Alliance MW) (both of Urbana, IL). Concurrently, A.M. Best 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 B++ (Good) of Health Alliance and the FSR of B+ (Good) of Health Alliance MW. The outlook for all ratings is stable. Health Alliance maintains adequate capitalization for its ratings, with a Best's Capital Adequacy Ratio Capital adequacy ratio (CAR), also called Capital to Risk (Weighted) Assets Ratio (CRAR)[], is a ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss. (BCAR BCAR Brunswick County Association of Realtors BCAR British Civil Airworthiness Requirements BCAR Bullitt County Animal Rescue (Shepherdsville, KY) BCAR Business Case Analysis Report BCAR Beaver Creek Array BCAR Buffalo Civic Auto Ramps, Inc. ) score approximating 147% at year-end 2007. The company also has a very efficient administrative expense ratio that is in the 7% range and exceptional quality scores that also contribute to its good standing. Offsetting these positive factors is Health Alliance's decreased net income and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. results in recent years. Diverse underwriting and marketing efforts--as well as network advantages from its relationship with its owner (Carle Clinic Association)--are aimed at improving Health Alliance's operating performance. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , 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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