A.M. Best Places American United Life Under Review.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Oct. 4, 2001 A.M. Best Co. has placed the financial strength rating of A (Excellent) for American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of United Life Insurance Company (AUL), Indianapolis Indianapolis (ĭn'dēənă`pəlĭs), city (1990 pop. 731,327), state capital and seat of Marion co., central Ind., on the White River; selected 1820 as the site of the state capital (which was moved there in 1825), inc. 1847. , Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. ., under review with developing implications. The rating of "a-" on AUL's surplus notes was also placed under review with developing implications. The under review status reflects the magnitude of AUL's gross reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. exposure (related to the September 11 tragedy) relative to its capital level. While A.M. Best recognizes the strong due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. of AUL in evaluating their exposure since this event; the under review status recognizes the potential for loss estimates to rise as claims develop. However, A.M. Best notes, AUL maintains a sophisticated retrocessional program comprised of strong, quality reinsurers. Additionally, A.M. Best acknowledges that AUL has maintained constant communication and provided comprehensive disclosure to A.M. Best since the attacks. As the situation develops, A.M. Best will continue dialogue with the company's management to evaluate and monitor AUL's exposure. 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. |
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