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Best's Rating Changes.

This summary of Best's Rating Changes includes life, health-care and property/casualty insurers domiciled in North America, as well as international insurers that had ratings assigned, changed or placed under review since this section last appeared in the July 2004 edition of Best's Review.

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
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Ratings
Publication:Best's Review
Article Type:Illustration
Date:Aug 1, 2004
Words:2895
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