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A.M. Best Places Ratings of Concord Heritage Life Under Review.


OLDWICK, N.J. -- A.M. Best Co. has placed 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++ (Very Good) and 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+" of Concord Concord, cities, United States
Concord (kŏng`kərd, kŏn`kôrd').

1 city (1990 pop. 111,348), Contra Costa co., W central Calif.; settled c.1852, inc. 1906.
 Heritage Life Insurance Company, Inc. (Concord Heritage Life) under review with negative implications.

This rating action follows the definitive agreement signed by its direct parent, American Heritage American Heritage can refer to:
  • American Heritage (magazine)
  • American Heritage (band)
  • The American Heritage Dictionary of the English Language
  • American Heritage Rivers
  • American Heritage School, a small private school in Broward County, Florida
 Life Insurance Company (American Heritage Life), to sell Concord Heritage Life to Liberty Bankers Life Insurance Company (Liberty Bankers Life). The transaction is expected to close in the first quarter of 2007 pending regulatory approval, at which time a rating determination for Concord Heritage Life will be made. The post-close rating of Concord Heritage Life will be no higher than the rating of Liberty Bankers Life, which currently has an FSR of B (Fair).

Concord Heritage Life and American Heritage Life are life/health member companies of the Allstate Financial segment and are ultimately owned by The Allstate Corporation (NYSE NYSE

See: New York Stock Exchange
: ALL). The ratings of American Heritage Life, along with the other members companies of Allstate Financial, remain unchanged.

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.

For current Best's Ratings, independent data and analysis on more than 1,100 individual life/health companies and A.M. Best groups, please visit www.ambest.com/lh.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 6, 2006
Words:250
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