Best's Rating Changes.
Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in BestWeek, our weekly insurance industry newsletter. See page 18 for the current Guide to Best's Financial Strength Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/guide.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 Rating Current Previous Action Company Name & Domicile AMB# Rating Rating Life/Health + Amedex Insurance Company 08449 A A- US: Florida American Retirement Life 08831 NR-3 A Insurance Co US: Ohio + Bankers Life and Casualty Company 06149 B++ B US: Illinois Clarica Life Insurance 07244 NR-3 A+ Company-U.S. US: North Dakota + Colonial Penn Life Insurance 06240 B++ B Company US: Pennsylvania + Conseco Health Insurance Company 08101 B++ B US: Arizona + Conseco Insurance Company 06080 B++ B US: Illinois + Conseco Life Insurance Co of NY 60002 B+ B US: New York + Conseco Life Insurance Company 06692 B++ B US: Indiana - Landmark Life Insurance Company 68055 B- B US: Texas + Nippon Life Insurance Company of 08419 A- B++ America US: Iowa + Penn Insurance and Annuity 09073 A+ A Company US: Delaware + Penn Mutual Life Insurance 06903 A+ A Company US: Pennsylvania UBS PaineWebber Life Insurance 06882 NR-3 A- Company US: California + Washington National Insurance 07218 B++ B Company US: Illinois Workmen's Benefit Fund of USA * 07260 NR-4 C++ US: New York HMO + ADVANTAGE Health Solutions Inc 64624 C++ pd C+ pd US: Indiana + Amil International (Texas) Inc 64458 C+ pd C pd US: Texas - Bluegrass Family Health Inc 68747 B- pd B pd US: Kentucky Board of Regents University of 64444 NR-5 D pd Oklahoma US: Oklahoma Botsford Health Plan 64618 NR-5 B pd US: Michigan - CHA HMO Inc 64403 B+ B++ US: Kentucky + Children's Mercy's Family Health 64183 C+ pd C pd Partner US: Missouri - Cimarron Health Plan Inc 64260 C+ pd C++ pd US: New Mexico Community Care Plan 64617 NR-5 B- pd US: Michigan + Community First Health Plans Inc 64049 C+ pd C pd US: Texas + Community Health Plan of 64472 B+ pd B pd Washington US: Washington + Group Health Cooperative of 64044 B pd B- pd Puget Sound US: Washington - Healthcare Inc 64406 NR-5 B- pd US: Georgia - Healthcare Oklahoma Inc 64166 NR-5 F US: Oklahoma - Healthplan of Texas Inc 64455 C++ pd B pd US: Texas - IHC Health Plans Inc 64078 B- pd B pd US: Utah - John Deere Health Plan Inc 68702 B pd B+ pd US: Illinois - Metrowest Health Plan Inc 64459 C pd B- pd US: Texas - Molina Healthcare of California 64150 C+ pd C++ pd Inc US: California + Molina Healthcare of Michigan Inc 64685 B- pd C++ pd US: Michigan + Mount Carmel Health Plan Inc 64112 B- pd C++ pd US: Ohio - Neighborhood Health Partnership 64001 C pd C+ pd Inc US: Florida - New West Health Services 64398 C+ pd C++ pd US: Montana OmniCare Health Plan Inc 64435 NR-5 C++ pd US: Tennessee + OPTIMA Health Plan 68821 B pd B- pd US: Virginia - Paramount Care Inc 66579 B+ B++ US: Ohio - Paramount Care of Michigan 64294 B+ B++ US: Michigan - Parkland Community Health Plan 64461 C- pd C pd Inc US: Texas - Partners National Health Plans 68836 C+ pd C++ pd of In US: Indiana SecureCare of Iowa Inc 64626 NR-5 C+ pd US: Iowa + Southwest Texas HMO Inc 68718 A A- US: Texas + Superior Health Plan Inc 64457 C pd C- pd US: Texas - Three Rivers Health Plans Inc 64104 C++ pd B- pd US: Pennsylvania United Dental Care of Michigan 65709 NR-2 A- Inc US: Michigan + University Health Care Inc 64408 C++ pd C+ pd US: Kentucky - University Health Plans Inc 60157 C pd C+ pd US: New Jersey Property/Casualty + Algoma Mutual Insurance Company 87771 B pd B- pd Canada: Ontario Alistar Insurance Company 11785 NR-5 F US: California Allcity Insurance Company 02149 NR-5 F US: New York Alpha Assurance Company 84241 NR-5 B++ pd Canada: Quebec + American Commerce Insurance 02065 A+ A Company US: Ohio + American Contractors Indemnity 11019 A A- Company US: California American Horizon Insurance 12274 NR-5 F Company US: Illinois New American Pioneer Title Insurance 12063 A Company US: Florida - Antigonish Farmers Mutual Fire 87735 B+ pd B++ pd Insurance Canada: Nova Scotia Argonaut Group 04019 NR-5 A US: Texas New Argonaut Insurance Group 18639 A US: Texas - Atlantic Insurance Company 02220 A- A u US: Texas - Atlantic Lloyds Insurance Company 02849 B+ B++ of TX US: Texas - Atlantic Mutual Companies 00178 B+ B++ US: New York - Atlantic Mutual Insurance Company 02063 B+ B++ US: New York Aviva Insurance Company of Canada 85748 A- pd NR-4 Canada: Ontario New Campmed C & I Company, Inc of MD 11428 B NR-2 US: Maryland + Canadian Northern Shield 87024 B pd C++ pd Insurance Co Canada: British Columbia - Canassurance General Ins Co Inc 87732 B+ pd B++ pd Canada: Quebec Casualty Reciprocal Exchange 02141 NR-5 E US: Missouri - Centennial Insurance Company 02064 B+ B++ US: New York Certas Direct Insurance Company 87026 B pd NR-2 Canada: Quebec + Clare Mutual Insurance Company 87027 B pd B- pd Canada: Nova Scotia + Commerce West Insurance Company 03131 A+ A US: California - Commonwealth Contractors Group 55025 B++ A- Self Ins US: Virginia - Coregis Insurance Company 01890 B+ A- US: Indiana - CPA Mutual Insurance Co of 11319 B+ B++ America RRG US: Vermont + CUMIS General Insurance Company 85737 B pd C++ pd Canada: Ontario Direct Insurance Group 18448 NR-5 B US: Tennessee Elite Insurance Company 85742 B++ pd NR-4 Canada: Ontario New Encompass Insurance Company of NJ 12612 A- NR-2 US: Illinois Equity Mutual Insurance Company 02142 NR-5 E US: Missouri + Fidelity National Group 18606 A- B++ US: California + Fidelity National Insurance 12478 A- B++ Company US: California + Fidelity National Lloyds 12582 A- B++ US: Texas + Fidelity National Prop & Cas Ins 04496 A- B++ Co US: New York Fireman's Fund Insurance Company 02615 NR-3 A of NE US: Nebraska Fireman's Fund Insurance Company 02180 NR-3 A of TX US: Texas + First Mercury Insurance Company 11883 A- B+ u US: Illinois + Grain Insurance and Guarantee 85753 B++ pd B+ pd Company Canada: Manitoba Grange Mutual Insurance Company 10561 NR-5 F (OR) US: Oregon Greater Louisiana Title Insurance 12367 NR-3 A+ Co US: Louisiana Groupe Estrie-Richelieu Cia 87710 NR-5 B++ pd D'Assurance Canada: Quebec - Gulf Group Lloyds 03847 A- A u US: Texas - Gulf Insurance Company 02451 A- A u US: Connecticut - Gulf Insurance Group 00446 A- A u US: Connecticut - Gulf Underwriters Insurance 11208 A- A u Company US: Connecticut Heritage General Insurance 87051 NR-5 B++ pd Company Canada: Ontario ICI Mutual Group 18500 NR-5 A US: Vermont New ISMIE Mutual Group 18644 B+ US: Illinois - Kentucky National Insurance 03579 C- C Company US: Kentucky + Legacy General Insurance Company 87059 A- pd B++ pd Canada: Ontario + London and Midland General 85764 A- pd B++ pd Insurance Co Canada: Ontario New MAG Mutual Group 18635 A- US: Georgia Massachusetts Title Insurance 11840 NR-3 A+ Company US: Massachusetts - Medical Liability Mutual 03667 B- B Insurance Co US: New York + Medical Mutual Group (NC) 18072 A A- US: North Carolina + Medical Mutual Insurance Co of NC 03668 A A- US: North Carolina - Medical Protective Company 00591 A- A US: Indiana + Medical Security Insurance 10744 A A- Company US: North Carolina Meridian Citizens Security 00507 NR-3 A Insurance Co US: Indiana Miami Insurance Group 18482 NR-5 A- US: Ohio New Mitsui Sumitomo Insurance Group 18569 A+ US: New York - MLMIC Group 18439 B- B US: New York New Mortgage Guarantee & Title 11841 A+ NR-5 Company US: Rhode Island MS Casualty Insurance Company 10654 NR-3 A- US: Mississippi + National Interstate Group 18546 A A- US: Ohio + National Interstate Insurance 10829 A A- Company US: Ohio + National Interstate Insurance 12423 A A- Company HI US: Hawaii New National Title Insurance of NY 12440 A US: New York New Nationwide Affinity Ins Co of Am 11802 A+ r NR-3 US: Ohio - New Mexico Mutual Casualty 11527 A- A Company US: New Mexico - New Mexico Mutual Casualty Group 18292 A- A US: New Mexico New North Pointe Casualty Insurance 02657 B+ NR-3 Company US: Florida + North Waterloo Farmers Mutual 86612 B++ pd B+ pd Ins Co Canada: Ontario - OHIC Insurance Company 03778 C++ B US: Ohio Patterson Insurance Company 03291 NR-5 F US: Louisiana + Pembridge Insurance Company 85774 B pd B- pd Canada: Ontario - Piedmont Mutual Insurance Company 11575 C+ B- u US: North Carolina New Pinnacle Consortium of Higher Ed 12707 A VT RRRG US: Vermont + Plans' Liability Insurance 10597 B++ B+ Company US: Ohio - Primmum Insurance Company 87021 B+ pd B++ pd Canada: Ontario Professional Liability Ins Co of 11411 NR-5 B America US: New York New Professional Security Insurance 12670 A- Company US: Arizona New Progressive Agency Pool 18637 A+ US: Ohio Progressive Casualty Pool 04930 NR-5 A+ US: Ohio New Progressive Direct Pool 18638 A+ US: Ohio Progressive Home Underwriters 12462 NR-5 A+ Ins Co US: Texas - RBC Travel Insurance Company 86243 B+ pd B++ pd Canada: Ontario - Reamstown Mutual Insurance 04744 B B+ Company US: Pennsylvania - Rutgers Casualty Insurance 01838 B- B Company US: New Jersey - Rutgers Casualty Insurance Group 18507 B- B US: New Jersey - Select Insurance Company 02222 A- A u US: Texas - Society Group 18231 A A+ US: Wisconsin - SOCIETY INSURANCE, a mutual 00896 A A+ company US: Wisconsin - Southwest Casualty Company 11769 A- A US: New Mexico TIG Insurance Company of Colorado 03760 NR-5 B+ US: Colorado TIG Insurance Company of New York 02511 NR-5 B+ US: New York TIG Insurance Company of Texas 02510 NR-5 B+ US: Texas TIG Insurance Corporation of 02505 NR-5 B+ America US: Michigan Traders General Insurance Company 85795 B+ pd NR-4 Canada: Ontario - Ulico Casualty Company 02623 B- B US: Delaware - Ulico Indemnity Company 11329 B- B US: Arkansas - Ulico Insurance Group 18535 B- B US: Delaware + Universal Insurance Company (NC) 03680 B C+ US: North Carolina - Venture Insurance Company 11393 A A+ US: Wisconsin Vintage Insurance Company 11672 NR-3 A US: California Warner Insurance Group 18615 NR-5 B++ US: Illinois Washington Casualty Company 11243 NR-1 E US: Washington West Wawanosh Mutual Insurance 87104 NR-5 B pd Company Canada: Ontario New Western National Title Insurance 12387 A+ Company US: Utah White Hall Mutual Insurance 02566 NR-5 F Company US: Pennsylvania International New Amedex Insurance Company 73172 A- (Bermuda) Ltd. Bermuda + Aseguradora Mundial, S.A. 86149 A- B++ Panama AXA Corporate Solutions 86926 NR-4 B++ Assurance * France New Everest International 86863 A+ NR-3 Reinsurance, Ltd. Bermuda Hitachi Capital Insurance 86890 NR-5 B++ Corporation Japan New Nippon Life Insurance Company 85457 A+ NR-5 Japan + Travelers Cas and Sur Co Europe 87376 A+ A u Ltd United Kingdom * Rating was downgraded from B to C++ on June 7. Current rating effective June 7. Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned initial rating; (u) Rating placed under review Ratings Under Review Rating Current Previous Action Company Name & Domicile AMB# Rating Rating Life/Health U AF&L Insurance Company 11131 B+ u B+ US: Pennsylvania U Lafayette Life Insurance Company 06617 A u A US: Indiana U Security Plan Life Insurance 07450 B u B Company US: Louisiana U Senior American Life Insurance 60294 B+ u B+ Company US: Pennsylvania Property/Casualty U AXA Corporate Solutions E&S Lines 10785 A- u A- Ins Co US: Delaware U AXA Corporate Solutions 03718 A- u A- Insurance Co US: New York U Florists Insurance Company 03711 A- u A- US: Illinois U Florists Mutual Group 03977 A- u A- US: Illinois U Florists Mutual Insurance Company 03142 A- u A- US: Illinois U Realm National Insurance Company 00567 C- u C- UR: New York U Security Plan Fire Insurance 11988 B u B Company US: Louisiana U Springfield Insurance Company 10813 C++ u C++ US: California U United Farm Family Insurance 10701 A u A Company US: New York * Rating was downgraded from A- to B++ on June 21. Current rating effective June 21. Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned initial rating; (u) Rating placed under review GUIDE TO BEST'S FINANCIAL STRENGTH RATINGS A Best's Rating is an independent opinion, based on a comprehensive quantitative and qualitative evaluation, of a company's balance sheet strength, operating performance and business profile. Best's Ratings are not a warranty of a company's financial strength and ability to meet its obligations to policyholders. Financial Strength Ratings A Best's Financial Strength Rating (FSR) is an opinion of an insurer's ability to meet its obligations to policyholders. Rating Descriptor Definition Secure A++, A+ Superior Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders. A, A- Excellent Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing obligations to policyholders. B++, B+ Very Good Assigned to companies that have, in our opinion, a good ability to meet their ongoing obligations to policyholders. Vulnerable B, B- Fair Assigned to companies that have, in our opinion, a fair ability to meet their current obligations to policyholders, but are financially vulnerable to adverse changes in underwriting and economic conditions. C++, C+ Marginal Assigned to companies that have, in our opinion, a marginal ability to meet their current obligations to policyholders, but are financially vulnerable to adverse changes in underwriting and economic conditions. C, C- Weak Assigned to companies that have, in our opinion, a weak ability to meet their current obligations to policyholders, but are financially very vulnerable to adverse changes in underwriting and economic conditions. D Poor Assigned to companies that have, in our opinion, a poor ability to meet their current obligations to policyholders and are financially extremely vulnerable to adverse changes in underwriting and economic conditions. E Under Assigned to companies (and possibly Regulatory their subsidiaries/affiliates) that Supervision have been placed by an insurance regulatory authority under a significant form of supervision, control or restraint whereby they are no longer allowed to conduct normal ongoing insurance operations. This would include conservatorship or rehabilitation, but does not include liquidation. It may also be assigned to companies issued cease and desist orders by regulators outside their home state or country. F In Liquidation Assigned to companies that have been placed under an order of liquidation by a court of law or whose owners have voluntarily agreed to liquidate the company. Note: Companies that voluntarily liquidate or dissolve their charters are generally not insolvent. S Suspended Assigned to companies that have experienced sudden and significant events affecting their balance sheet strength or operating performance whereby the rating implications cannot be evaluated due to a lack of timely or adequate information. Rating Modifiers and Affiliation Codes A rating modifier can be assigned to indicate that a Best's Rating may be subject to near-term change (under review), that a company did not subscribe to Best's interactive rating process (public data) and that the rating is assigned to a syndicate operating at Lloyd's. Affiliation codes (g, p, and r) are added to Best's Ratings to identify companies whose assigned ratings are based on group, pooling or reinsurance affiliation with other insurers. Modifier Descriptor Definition Rating Modifiers u Under Review A modifier that generally is event- driven (positive, negative or developing) and is assigned to a company whose Best's Rating opinion is under review and may subject change in the near-term, generally defined as six months. pd Public Data Assigned to insurers that do not subscribe to Best's interactive rating process. Best's "pd" Ratings reflect qualitative and quantitative analyses using public data and information. s Syndicate Assigned to syndicates operating at Lloyd's. Affiliation Codes g Group p Pooled r Reinsured Not Rated Categories (NR) Assigned to companies reported on by A.M. Best, but not assigned a Best's Rating. The five categories are: 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. Rating Outlook Best's interactive Ratings (A++ to D) are assigned a Rating Outlook that indicates the potential direction of a company's rating for an intermediate period, generally defined as the next 12 to 36 months. Rating Outlooks, which appear in the rating rationale section of the company's Best's Company Report, are as follows: Positive Indicates a company's financial/market trends are favorable, relative to its current rating level and, if continued, the company has a good possibility of having its rating upgraded. Negative Indicates a company is experiencing unfavorable financial/ market trends, relative to its current rating level and, if continued, the company has a good possibility of having its rating downgraded. Stable Indicates a company is experiencing stable financial/market trends and there is a low likelihood that its rating will change in the near term. Best's Ratings are distributed via press release and/or the A.M. Best Web site at www.ambest.com, and are published in the Rating Monitor section of BestWeek[R]. Best's Ratings are proprietary and may not be reproduced without permission. Copyright [c] 2004 by A.M. Best Company, Inc. Version 062504
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|Date:||Aug 1, 2004|
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