Best's Rating Changes.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 life, health-care and property/casualty insurers domiciled dom·i·cile
1. A residence; a home.
2. One's legal residence.
v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles
1. in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , 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 August 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 22 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 Capital Blue Cross 64554 NR-5 B++ pd US: Pennsylvania Family Financial Life Insurance Company 07936 NR-5 B+ US: Indiana New Forethought Life Assurance Company 08321 A- NR-3 US: Indiana - Life and Health Insurance Co of America 08070 F D US: Pennsylvania + MONY Life Insurance Company 06751 A+ A u US: New York + MONY Life Insurance Company of America 08091 A+ A u US: Arizona - Standard Life Insurance Company of IN 07073 B B+ US: Indiana + U.S. Financial Life Insurance Company 08492 A+ A u US: Ohio New XL Life Insurance and Annuity Company 60395 A+ NR-2 US: Illinois HMO - Alliance for Community Health 64179 B- pd B pd US: Missouri - AMERIGROUP Illinois Inc 64100 C++ pd B- pd US: Illinois - Athens Area Health Plan Select Inc 64556 C+ pd C++ pd US: Georgia - Avera Health Plans Inc 64515 C pd C++ pd US: South Dakota + Central Oregon Independent Health Servcs 64496 C++ pd C+ pd US: Oregon - Chinese Community Health Plan 64144 C++ pd B- pd US: California - Community Health Group 64145 C++ pd B- pd US: California + Cook Children's Health Plan 64508 C++ pd C+ pd US: Texas - Dean Health Plan Inc 64203 C++ pd B- pd US: Wisconsin Delmarva Health Plan Inc 68756 NR-5 B+ pd US: Maryland - Driscoll Children's Health Plan 64519 B- pd B pd US: Texas Family Health Care Plus Inc 64132 E NR-5 US: Mississippi - Gundersen Lutheran Health Plan Inc 64204 C++ pd B- pd US: Wisconsin - Health Partners of Philadelphia Inc 64160 C++ pd B- pd US: Pennsylvania - Health Plan of the Upper Ohio Valley 64201 B- pd B pd US: West Virginia - HealthEase of Florida Inc 64647 C pd C+ pd US: Florida - HealthSpring Inc 64300 C pd C+ pd US: Tennessee - Inland Empire Health Plan 64578 C++ pd B pd US: California - Kern Health Systems 64084 B+ pd B++ pd US: California Keystone Health Plan Central Inc 64051 NR-5 B+ pd US: Pennsylvania Memphis Managed Care Corporation 68735 NR-5 C- pd US: Tennessee + Neighborhood Health Plan Inc 68744 C++ pd C+ pd US: Massachusetts Paramount Care Inc 68579 NR-4 B+ US: Ohio Paramount Care of Michigan 64294 NR-4 B+ US: Michigan - PHN-HMO Inc 64295 C- pd C pd US: Maryland - PHP Insurance Plan Inc 64123 C+ pd C++ pd US: Wisconsin - Physicians Health Plan of Southwest MI 64620 C+ pd C++ pd US: Michigan Preferred Health Partnership of TN Inc 64302 NR-5 C++ pd US: Tennessee - Preferred Medical Plan 64120 C++ pd B- pd US: Florida + Saint Mary's HealthFirst 64237 C+ pd C pd US: Nevada - Santa Clara County 64152 C+ pd C++ pd US: California + Scan Health Plan 60187 C++ pd C pd US: California - Security Health Plan of Wisconsin Inc 64207 C++ pd B- pd US: Wisconsin + Seton Health Plan Inc 64252 C pd C- pd US: Texas + Total Health Choice Inc 68742 C++ pd C+ pd US: Florida - Union Health Service Inc 64091 C++ pd B- pd US: Illinois - Upper Peninsula Health Plan Inc 64619 C+ pd C++ pd US: Michigan - ValueOptions of California Inc 64653 B- pd B pd US: California - Vantage Health Plan Inc 64282 B- pd B pd US: Louisiana + Welborn Clinic 64272 C+ pd C pd US: Indiana + WellCare of New York Inc 68750 C+ pd C- pd US: New York + Western Dental Services Inc 64651 B+ pd B pd US: California Property/Casualty + Affirmative Insurance Company 01795 B+ B u US: Illinois New Affirmative Insurance Group 18648 B+ US: Illinois Aries Insurance Company Inc 12181 NR-5 F US: Florida - Converium Insurance (North America) Inc 00554 A- u A US: New Jersey - Converium Reinsurance (NA) Inc 02696 A- u A US: Connecticut New New Darwin National Assurance 12699 A US: Delaware + Insura Property & Casualty Ins Co. Inc 02741 B+ B u US: Illinois Nationwide Affinity Insurance Co of Amer 11802 NR-3 A+ US: Kansas Oak Casualty Insurance Company 10626 NR-5 F US: Illinois Riverport Insurance Company of Calif 12346 NR-5 A US: California - Security Indemnity Insurance Company 10420 F E US: New Jersey International Atlas Assurance Company Limited 85547 NR-5 B+ pd United Kingdom AXA General Insurance Limited 85550 NR-5 B+ pd United Kingdom AXA Insurance plc 85203 NR-5 B+ pd United Kingdom AXA PPP Healthcare Limited 87530 NR-5 B+ pd United Kingdom - Converium AG 84820 A- u A Switzerland - Converium Group 84394 A- u A Switzerland - Converium Insurance (UK) Limited 89074 A- u A United Kingdom - Converium Rueckversicherung (DE) AG 85629 A- u A Germany Guardian Eastern Insurance Co Ltd 87375 NR-5 B+ pd United Kingdom Guardian Health Limited 86507 NR-5 B+ pd United Kingdom - International Ins Co of Hannover Limited 86486 A- A United Kingdom State Assurance Company Limited 84834 NR-5 B+ pd United Kingdom 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 and whose 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