Best's Rating Changes. (Ratings).This summary of Best's Rating 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. Changes includes U.S.-domiciled life, health-care and property/casualty insurers as well as international insurers that had ratings assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. , changed or placed under review since this section last appeared in the April 2002 edition of Best's Review. Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in Best Week, our weekly insurance industry newsletter. See page 22 for the Current Guide to Best's Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/access.html for detailed rating definitions. The A.M. Best rating of any company and basic company information are also available free of charge at the Web site.
Ratings Changed
Life
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
American Industries 08529 NR-5 C++
Life Insurance Co
US: Texas
Bankers United Life 06160 NR-5 A
Assurance Company
US: Iowa
- Gerling Global Life 06460 A- u A u
Insurance Company
Canada: Ontario
- Gerling Global Life 60212 A- u A u
Reinsurance Company
US: California
New Kentucky Funeral Directors 60365 B+
Life Ins Co
US: Kentucky
Key Life Insurance Company 08675 NR-5 C++
US: Indiana
MIC Life Insurance Corporation 08618 NR-3 B+
US: Delaware
Teton National Insurance Company 07117 NR-5 C+
US: Colorado
+ Universal Underwriters Life 07204 A+ A
Insurance Co
US: Kansas
Western Security Life Insurance 07597 NR-3 A
Company
US: Arizona
Healthcare
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
- AF&L Insurance Company 11131 B+ B++
US: Pennsylvania
Altru Health Plan ND 60148 NR-5 C+ q
US: North Dakota
+ BEST LIFE and Health Insurance 07246 B+ B
Company
US: Texas
New Capital District Physicians' Health 68563 B++ B q
Plan
US: New York
- First Continental Life & Accident 06557 C B
Ins Co
US: Utah
- Maxicare Indiana, Inc 68614 F E
US: Indiana
Property/Casualty
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
+ 1st Auto & Casualty Insurance 11233 B+ B
Company
US: Wisconsin
Aberdeen Insurance Company 03627 NR-4 E
US: Texas
New Alamo Title Insurance 12373 A g NR-5
US: Texas
- American Nat'l Lawyers Ins Recip 11383 B- u A-
(RPG)
US: Tennessee
American Professionals Insurance 00685 NR-4 E
Company
US: Indiana
+ Bowling Centers Insurance Corp Inc 00291 B++ B+
US: Michigan
New Chicago Title Insurance Company 04645 A NR-5
US: Missouri
New Chicago Title Insurance Company of 12222 A
OR
US: Oregon
- Colonial Casualty Insurance Company 01927 E D
US: Texas
- Constitution Insurance Company 11980 A- u A u
US: New York
- Crusader Insurance Company 01889 A- A
US: California
- Doctors Insurance Recip RRG 11111 B- u A-
US: Tennessee
- Explorer Insurance Company 02852 A- u A
US: Arizona
New Fidelity National Financial Inc 18525 A
US: California
New Fidelity National Insurance Co 12478 B++ NR-5
US: California
New Fidelity National Title Ins Co 11977 A g NR-5
US: California
New Fidelity National Title Ins Co of 12062 A
NY
US: California
- Financial Insurance Company of 00211 C++ B
America
US: Texas
+ Fitchburg Mutual Insurance Company 00399 A A-
US: Massachusetts
Fremont Casualty Insurance Company 03033 NR-5 E
US: Illinois
Fremont Indemnity Company 00404 NR-5 E
US: California
- GAINSCO County Mutual Insurance 11331 B- B++
Company
US: Texas
Gallant Insurance Company 02574 E NR-4
US: Illinois
- General Agents Group 02969 B- B++
US: Oklahoma
- General Agents Ins Co of America, 03835 B- B++
Inc
US: Oklahoma
- Gerling Canada Insurance Company 85749 A- u A
Canada: Ontario
- Gerling Global Reins Corp of 03046 A- u A u
America
US: New York
- Gerling Global Reinsurance Company 85750 A- u A u
Canada: Ontario
- Graphic Arts Mutual Insurance 00428 A- A
Company
US: New York
- Grocers Insurance Company 01849 B+ A
US: Oregon
Highlands Casualty Compay 02592 NR-4 E
US: Texas
Highlands Insurance Company 02239 NR-4 E
US: Texas
Highlands Insurance Group, Inc 18417 NR-5 C-
US: New Jersey
Highlands Lloyds 02812 NR-4 E
US: Texas
Highlands Underwriters Insurance
Company 02240 NR-4 E
US: Texas
- ICW Group 02967 A- u A
US: California
- Independence Casualty & Surety
Company 11653 A- u A
US: Texas
- Insurance Company of the West 04667 A- u A
US: California
- Lawrenceville P & C Co, Inc 11865 C + B- u
US: Virginia
- Legion Indemnity Company 11860 E B
US: Illinois
- Legion Insurance Company 02352 E B
US: Pennsylvania
Legion Insurance Group 18366 NR-5 B
US: Pennsylvania
+ Merce Insurance Co of NJ Inc 01818 A A-
US: New Jersey
- MGA Insurance Company Inc 02854 B- B++
US: Texas
- Midwest Casualty Insurance Company 11223 B- B++
US: North Dakota
- MIIX Group 18349 C+ B- u
US: New Jersey
- MIIX Insurance Company 03737 C+ B- u
US: New Jersey
- MIIX Insurance Company of New York 12234 C+ B- u
US: New York
- Narragansett Bay Insurance Company 01750 B+ B++
US: Rhode Island
NN Insurance Company 00213 NR-4 E
US: Wisconsin
Northwestern National Casualty
Company 02373 NR-4 E
US: Wisconsin
+ Ontario Insurance Company 10993 A A-
US: New York
Pacific Automobile Insurance
Company 02880 NR-4 E
US: California
Pacific National Insurance Company 02376 NR-4 E
US: California
Paradigm Insurance Company 00715 NR-5 F
US: Indiana
- PAULA Insurance Company 03658 D B- u
US: California
- Pawtucket Mutual Group 05665 B+ B++
US: Rhode Island
- Pawtucket Mutual Insurance Company 00755 B+ B++
US: Rhode Island
+ Pioneer General Insurance Company 10383 B++ B+
US: Colorado
Pioneer Insurance Company (NY) 00773 NR-5 A
US: New York
+ Preferred Mutual Insurance Company 00774 A A-
US: New York
Providence Lloyds 04276 NR-5 A-
US: Texas
- Reciprocal Alliance (RRG) 11797 B- u A-
US: Tennessee
- Reciprocal of America 03776 B- u A-
US: Virginia
- Republic-Franklin Insurance Company 00798 A- A
US: Ohio
New Security Union Title Ins Co 11908 A g NR-5
US: California
State Capital Insurance Company 00858 NR-4 E
US: North Carolina
Statesman Insurance Company 02489 NR-4 E
US: Indiana
New Ticor Title Insurance Company 11918 A g NR-5
US: California
New Underwriters Insurance Company 12488 A+
US: Nebraska
United Agents Insurance Company of
LA 11793 F NR-3
US: Louisiana
Utah Farm Bureau Insurance Company 01941 NR-5 A
US: Utah
- Utica Lloyd's of Texas 12318 A- A
US: Texas
- Utica Mutual Insurance Company 00946 A- A
US: New York
- Utica National Assurance Company 11953 A- A
US: New York
- Utica National Insurance Company 02825 A- A
of TX
US: Texas
- Utica National Insurance Group 04202 A- A
US: New York
- Utica Specialty Risks Insurance Co 02826 A- A
US: Texas
Valor Insurance Company 10762 E NR-4
US: Illinois
+ Victore Insurance Company 10673 B++ B+
US: Oklahoma
- Villanova Insurance Company 12110 E B
US: Pennsylvania
Western Farm Bureau Mutual
Insurance Co 00965 NR-5 A
US: New Mexico
+ Yel Co Insurance 11343 A- B++
US: Florida
International
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
New Acc Comp Corp-Employers' Act 84889 A+
New Zealand
New Accident Compensation Corporation 86814 A+ NR-5
New Zealand
New Connaught Insurance Company Ltd 57793 B+
Guernsey
Danish Re Bermuda Limited 84741 NR-5 A-
Bermuda
- Gerling Global General & Reins Co
Ltd 86596 A- u A u
United Kingdom
- Gerling Global International Reins
Co 86640 A- u A u
Barbados
- Gerling Global Life Reassurance Co
(UK) 86597 A- u A u
United Kingdom
- Gerling Global Life Reins of
Australia 86598 A- u A u
Australia
- Gerling Global Reins Co of
Australia Pty 86599 A- u A u
Australia
- Gerling Global Reins Co of South
Africa 86600 A- u A u
South Africa
- Gerling Global Sweden Reinsurance
Co Ltd 86613 A- u A u
Sweden
- Gerling Globale Ruckversicherung AG 86595 A- u A u
Switzerland
- Gerling-Konzern Allgemeine Group 88148 A- u A
Germany
-- Gerling-Konzern Allgemeine 85910 A- u A
Versicherungs Germany
-- Gerling-Konzem Globale 85476 A- u Au
Ruckversicherung Germany
NAC Reinsurance International 86284 NR-5 A+
Limited United Kingdon
Royal London Mutual Insurance Soc 87567 B++ pd A- q
Ltd United Kingdom
Scottish Life Assurance Company 85477 B+ pd B++ q
United Kingdom
Wesleyan Assurance Society United 87665 B+ pd A- q
Kingdom
Windsor Life Assurance Company 85400 B+ pd B++ q
Limited United Kingdom
Winterthur Life UK Limited United 87287 B+ pd B++ q
Kingdom
Winterthur Pension Funds UK Limited 87805 B+ pd B+ q
United Kingdom
WLUK Limited United Kingdom 87675 NR-3 B+ q
Rating Action: (+) or (-) Rating upgraded or downgraded;
(New) Assigned initial rating;
(u) Rating placed under review
Ratings Under Review
Health Care
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
U Advance Insurance Company US: 09567 A- u A-
Arizona
U Blue Cross and BS of KS, Inc US: 60070 A- u A-
Kansas
U Premier Health, Inc US: Kansas 64072 A- u A-
Property/Casualty
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
U Gerling America Insurance Company 02878 A- u A-
US: New York
U Gerling Global Reinsurance Corp USB 03074 B+ u B+
Germany
International
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
U I.P.C. Group Bermuda 85317 B+ u B+
U Mutual Indemnity (Barbados) Ltd 85819 B+ u B+
Barbados
U Mutual Indemnity (Bermuda) Ltd 86288 B+ u B+
Bermuda
U Mutual Indemnity (Dublin) Ltd 86077 B+ u B+
Ireland
U Mutual Indemnity (U.S.) Ltd Bermuda 85846 B+ u B+
U Mutual Indemnity Ltd Bermuda 85845 B+ u B+
Rating Action: (+) or (-) Rating upgraded or downgraded
(New)Assigned initial rating
(u)Rating placed under review
CURRENT GUIDE TO BEST'S RATINGS For a complete explanation of Best's Ratings, please refer to the Preface pref·ace n. 1. a. A preliminary statement or essay introducing a book that explains its scope, intention, or background and is usually written by the author. b. An introductory section, as of a speech. 2. of Best's insurance Reports (R) or Best's Key Rating Guide (R) Best's Ratings reflect our independent opinion, but are not a warranty An assurance, promise, or guaranty by one party that a particular statement of fact is true and may be relied upon by the other party. Warranties are used in a variety of commercial situations. In many instances a business may voluntarily make a warranty. of a company's financial strength and ability to meet its obligations to policyholders. * For the latest Best's Ratings and Best's Company Reports (which include Best's Ratings) visit the A.M. Best Web site at www,ambest.com. You may also obtain Best's Company Reports by calling our Customer Service Department at (908) 439-2200, Ext. 5742. To expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. your request, please provide the company's identification number (AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) #). * All rating actions are published in the Rating Monitor section of Best Week (R). Selected rating changes and new ratings are published in Best's Review (R) (our monthly magazine). BEST'S RATINGS AND FINANCIAL PERFORMANCE RATINGS See benchmark. (FPR FPR Ford Performance Racing FPR Front Patriotique Rwandais (Rwanda Patriotic Front) FPR Floating-Point Register (CPU architecture) FPR Fuel Pressure Regulator (automotive) ) A.M. Best assigns Individuals to whom property is, will, or may be transferred by conveyance, will, Descent and Distribution, or statute; assignees. The term assigns is often found in deeds; for example, "heirs, administrators, and assigns to denote the assignable nature of to insurance related organizations one of two types of rating opinions, a Best's Rating (A++ to F) or a Financial Performance Rating (9 to 1). The Best's Rating represents an opinion based on a comprehensive quantitative quantitative /quan·ti·ta·tive/ (kwahn´ti-ta?tiv) 1. denoting or expressing a quantity. 2. relating to the proportionate quantities or to the amount of the constituents of a compound. and qualitative qualitative /qual·i·ta·tive/ (kwahl´i-ta?tiv) pertaining to quality. Cf. quantitative. qualitative pertaining to observations of a categorical nature, e.g. breed, sex. evaluation of a company's balance sheet strength, operating performance and business profile. The FPR represents an opinion based primarily on a quantitative evaluation of a company's balance sheet strength and operating performance for companies that do not meet the minimum size and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. operating experience requirements for a Best's Rating. Secure Best's Ratings A++ and A+ Superior A and A- Excellent B++ and B+ Very Good Vulnerable Best's Ratings B and B- Fair C++ and C+ Marginal C and C- Weak D Poor E Under Regulatory Supervision F In Liquidation S Rating Suspended Secure FPR Ratings FPR 9 Very Strong FPR 8 and 7 Strong FPR 6 and 5 Good Vulnerable FPR Ratings FPR 4 Fair FPR 3 Marginal FPR 2 Weak FPR 1 Poor RATING MODIFIERS Under Review (u) Rating Modifiers are assigned to Best's Ratings and Financial Performance Ratings to identify companies whose rating opinions are Under Review and may be subject to near-term near-term adj. Of, for, or involving a short period of time in the near future. change. Qualified (q) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs) and Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. insurers that do not subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our interactive rating process. Best's Qualified Ratings are therefore based primarily on a quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of a company's balance sheet strength and operating performance. Best's Public Data (pd) Rating Modifiers may be assigned to UK and other European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. insurers that do not sunscribe to our interactive rating process. Best's Public Data Ratings reflect both qualitative and quantitative analysis using publicly available data and other public information. Syndicate Syndicate organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018] See : Gangsterism (s) Rating Modifiers are assigned to syndicates operating at Lloyd's Lloyd's, London insurance underwriting corporation of many separate syndicates; often called Lloyd's of London. Founded in the late 17th cent. by a group of merchants, shipowners, and insurance brokers at the coffeehouse of Edward Lloyd, the association is now .
Rating Modifiers
u Under Review s Syndicate
q Qualified pd Public Data
NOT RATED CATEGORIES (NR)
Companies not assigned a Best's Rating or FPR are assigned to one of
five NR categories which identifies the primary reason a rating opinion
was not assigned to the company. For additional information, refer to
the Preface.
NR-1 Insufficient Data
NR-2 Insufficient Size and/or
Operating Experience
NR-3 Rating Procedure Inapplicable
NR-4 Company Request
NR-5 Not Formally Followed
FINANCIAL SIZE CATEGORIES (FSC FSC See: Foreign Sales Corporation ) Assigned to all insurance companies and reflects their size based on their capital, Surplus and conditional Subject to change; dependent upon or granted based on the occurrence of a future, uncertain event. A conditional payment is the payment of a debt or obligation contingent upon the performance of a certain specified act. reserve funds. For information, refer to the Preface. Best's Ratings are proprietary and may not be reproduced without permission. |
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