A.M. Best Assigns Ratings to Delta Dental Plans Association Members.OLDWICK, N.J. -- A.M. Best Co. has assigned a 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 A- (Excellent) and issuer credit ratings (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 "a-" to Delta Dental Delta Dental is the largest and oldest dental plan system in the United States. The Delta Dental Plans Association is comprised of 39 independent Delta Dental member companies operating in all 50 states, the District of Columbia and Puerto Rico. of Michigan (DDMI DDMI David Davies Memorial Institute of International Studies (Aberystwyth, UK) DDMI Diavik Diamond Mines Incorporated ) (Okemos, MI) and its affiliates, 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 Ohio, Inc. (DDOH) (Westerville, OH) and Delta Dental Plan of Indiana, Inc. (DDIN) (Indianapolis, IN). Additionally, A.M. Best has assigned an FSR of B++ (Good) and an ICR of "bbb+" to Renaissance Life & Health Insurance Company of America (Wilmington, DE) (RLHICA). The outlook for all ratings is stable. DDMI, the second largest member of the Delta Dental Plans Association, has maintained its market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. through provider network advantage, its reputation for high quality service and technological innovations. DDMI, DDOH and DDIN provide coverage to over five million members in the Michigan, Indiana and Ohio areas. Despite the recent decline in the Michigan economy, DDMI's enrollment increased in 2006 following growth in several larger existing accounts, new sales as well as participation in government programs. Both DDOH and DDIN achieved enrollment growth in 2004-2006. DDMI, DDOH and DDIN have been profitable on both an underwriting and net income basis for the last three years. DDMI's capitalization is more than adequate to support operations; however, its exposure to investments in equities is one of the highest among its peers. A.M. Best is concerned that a downturn in equity markets may put significant pressure on the company's financial results and capital position. RLHIA, formerly known as Central National Life Insurance Company of Omaha, was acquired by Renaissance Holding Company in November 2005. RLHIA is expected to allow the owners of Renaissance Holding Company, DDMI, DDOH and DDIN to develop new opportunities and offer alternative products beyond the state lines. 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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