A.M. Best Upgrades and Assigns Ratings to MedAmerica Mutual RRG, Inc.; Revises Outlook to Stable.OLDWICK, N.J. -- A.M. Best Co. has upgraded 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. ) to A- (Excellent) from B++ (Good) and 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 "a-" to MedAmerica Mutual Risk Retention Group, Inc. (MedAmerica Mutual) (Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , CA). The outlook for the FSR has been revised to stable from positive, and the outlook assigned to the ICR is stable. The ratings reflect MedAmerica Mutual's good operating profitability, supportive capitalization and strong emergency medicine specialty market focus. The ratings also recognize the company's strict 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. guidelines and high level of customer service, including active risk management strategies and aggressive defense of non-meritorious claims. MedAmerica Mutual provides professional liability coverage for over 2.3 million emergency medicine patient visits in California and Arizona, including California Emergency Physicians Medical Group, which is the largest group of emergency medicine physicians in California. Somewhat offsetting these positive rating factors is MedAmerica Mutual's concentration risk since the company writes mainly in California, writes only one line of business and has one policyholder representing a significant portion of its total book of business. Furthermore, MedAmerica Mutual's capitalization continues to be sensitive to premium growth and reserve development. Nonetheless, the outlook reflects management's demonstrated operating expertise within its niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. of emergency physician liability coverage and A.M. Best's expectation of continued operating profitability and maintenance of reserve adequacy and supportive capitalization. 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 full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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