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 lists life/health, property/casualty and international insurers, as well as health maintenance organizations, 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 July July: see month. 2001 edition of Best's Review.
Best's Rating Changes is an abbreviated version of Best's Rating Monitor. Previously a stand-alone (jargon) stand-alone - Capable of operating without other programs, libraries, computers, hardware, networks, etc. Exactly what is absent is presumed to be obvious from context.
"We only run Windows on stand-alone PCs because it's too dangerous to run it on networked ones." publication, Best's Rating Monitor is now a featured section in Best Week, A.M. Best Co.'s weekly news report.
Best's Rating Monitor contains a compilation Compiling a program. See compiler. of all recent rating releases plus supporting rationales for the industry's largest insurance groups and for insurers whose ratings were changed or placed under review.
For more information on how to obtain A.M. Best Co. products and publications, including Best's Ratings and Best's Company Reports for individual companies, see page 127. See page 23 for the Current Guide to Best's Ratings or visit www.ambest.com/ratings/access.html for detailed rating definitions.
Ratings Changed Rating Action Company State AMB# Life/Health + AMEDEX Insurance Company FL 08449 - Bankers Commercial Life Ins Co TX 06144 Benefit Life Ins Co TX 68113 - Blue Cr & Blur Sh United of WI WI 64315 Employers Life Ins Company SC 68027 Fidelity Federal Life Ins Co LA 09376 + First Rehabilitation Lf Of Am NY 09877 + Garden State Life Ins Co TX 06436 KPS Health Plans WA 64627 - Maxicare Life and Health Ins MO 08935 - Milwaukee Life Ins Co WI 06720 + NACOLAH Life Ins Co IL 08610 - North American National Life AZ 68250 Omega Reinsurance Corporation AZ 68465 - Pekin Life Ins Co IL 06901 New PersonalCare Insurance of IL IL 60028 Regal Reinsurance Co MA 60045 Security Continental Ins Co DE 08957 - Sierra Health and Life Ins Co CA 07370 - United Hearland Life Ins Co WI 60054 New Versant Life Insurance Company MS 60339 Wellington Life Ins Co AZ 08624 HMO Advantage Care, Inc KY 60192 Americaid New Jersey, Inc NJ 64209 American Health Care Providers IL 68846 - Compcare Health Services Ins WI 68610 Harvard Pilgrim Hlth Care of NE RI 64287 - Health Plan of Nevada, Inc NV 68619 - Maxicare CA 68677 New PersonalCare Insurance of IL IL 68765 PrimeONE, Inc WV 68679 Sagamore Health Network, Inc IN 64056 - Texas Health Choice, L.C. TX 60138 - Unity Health Plans Ins Corp WI 68781 - Valley Health Plan, Inc WI 68825 Property/Casualty New A.I.M. Mutual Insurance Cos MA 18555 New Allstate Fire & Cas Ins Co CA 03652 + Amalgamated Casulaty Ins Co DC 00177 American Agents Insurance Co NY 12052 + American Surety & Casualty Co FL 00542 - Amwest Surety Insurance Co NE 03675 + Arizona Home INsurance Co AZ 11125 New Associated Employers Inc Co MA 12463 + Associated Indust of MA Mutual MA 11041 + Associated Loggers Exchagne ID 02687 + Attorneys Liab Protection, RRG MT 11054 New Bedford Grange Mutual Inc Co PA 04723 - California Cas & Fire Ins Co CA 03576 - California Cas General Ins Co CA 03809 - California Casualty Group CA 03335 - California Cas Indem Exch CA 00222 - California Casualty Ins Co CA 03336 - California Indemnity Ins Co CA 10613 + Cameron Mutual Group MO 05715 + Cameron Mutual Insurance Co MO 00861 - Capital City Insurance Co Inc SC 10063 + Caribbean Alliance Ins Co PR 12337 + Centennial Casualty Company AL 11506 - Center Mutual Insurance Co ND 03712 + Central Co-Operative Ins Co NY 10736 New CGU Insurance Co of Canada ON 85748 - Cll Insurance Company CA 12208 - Commercial Casualty Ins Co CA 10634 - Commerical Indemnity Ins Co TX 11381 Commonwealth Insurance Co USB BC 10727 - Companion Commerical Ins Co SC 12069 Rating Current Prior Action Rating Ratings Life/Health + A- B++ - F E NR-5 E - B++ A- NR-5 FPR 4 NR-5 FPR 4 + A- B++ + A A- E NR-5 - E D - B+ A u + FPR 8 FPR 6 - FPR 4 FPR 5 NR-2 NR-1 - A- A New B+ FPR 4 NR-3 FPR 2 NR-3 FPR 2 - B B++u - B++ A- New B+ NR-5 NR-5 FPB 4 HMO NR-5 R NR-5 B- q NR-5 F - B++ A- NR-5 E - B B++u - F D New B+ NR-5 NR-5 C++q NR-5 C+ q - B B+ u - B++ A- - B++ A- Property/Casualty New A NR-5 New A+ r NR-3 + B++ B+ F NR-2 + A+ r B++ - F E + A- B+ New A r NR-5 + A g A- + A- B++ + A A- New B+ NR-2 - A- p A p - A- p A p - A- A - A- p A p - A- p A p - B p B++p + B+ B- + B+ g B- g - A- A + A g A- + A A- - B+ B++ + B++ B New A B++q - B p B++p - B p B++p - C++ B- NR-5 A- r - A- r A r - Companion Prop & Cas Group SC 18424 A- A - Companion Prop and Cas Ins Co SC 01979 A- g A g Condor Insurance Company NE 10734 NR-5 D + Cumberland Insurance Co Inc NJ 01781 A A- + Dakota Truck Underwriters SD 11130 A- B++ - Delta Casualty Company IL 03321 D B- Developers Insurance Company CA 02733 NR-5 A- g New Elite Insurance Company ON 85742 A B++q - Farmers Automobile Ins Assn IL 02395 A p A+ p + Farmers Mutual Ins Co (KS) KS 10168 B B- New FCCI Commercial Insurance Co. FL 10836 A- r NR-3 New First Dakota Indemnity Company SD 11796 B+ NR-2 - Fortune Insurance Company FL 03530 E D Friends Cove Mutual Ins Co PA 04710 NR-4 A- - Germantown Mutual Ins Co WI 00414 A A+ - Grange Mutual Ins Co (OR) OR 10561 B B+ Household Insurance Group NJ 05911 NR-5 A MADA Insurance Exchange MN 11590 NR-1 C - Mercury County Mutual Ins Co TX 04286 A+ r A++r Midland Financial Group TN 18127 NR-5 B+ - MutualAid exchange KS 03165 A- A - Mutual of Enumclaw Ins Co WA 00374 A A+ National Auto & Cas Ins Co CA 02348 NR-1 B- New National Intereste Group OH 18546 A- NR-5 New National Intereste Ins Co HI HI 12423 A- r NR-5 + National Unity Insurance Co TX 01902 B++ B+ + Ohio Indemnity Company OH 04813 A A- - Palmetto Hospital Trust SC 55014 B- A- - Pekin Insurance Company IL 02396 A p A+ p - Pekin Insurance Group IL 00754 A A+ Philadelphia-United Fire Ins PA 03174 NR-2 FPR 5 New Pilot Insurance Company ON 85779 A B++q - Potomac Insurance Company PA 11804 B++ A ru - Prime Insurance Syndicte Inc IL 11306 B- B+ + Progresive Home Insurance Co TN 00586 A+ r B+ g + Residence Mutual Ins Co CA 02564 A- P B++p Royal Special Risks Ins Co CT 02025 NR-5 A+ g New SAFECO Insurance Company of OR OR 12425 A NR-5 New SAFECO Insurance Company PA PA 12053 A NR-3 New Scottish & York Ins Co Ltd ON 85788 A- Bq Seneca Specialty Ins Co AZ 12258 NR-3 A- p - Sierra Insurance Company of TX TX 12129 B p B++p - Sierra Insurance Group CA 18135 B B++ Southland Lloyds Ins Co TX 11084 NR-2 FPR 5 - Springfield Insurance Co CA 10813 B B+ - State Farm Indemnity Company IL 11224 B+ u A- New Summit Insurance Company RI 01863 B+ NR-2 Sutter Insurance Group CA 18205 NR-5 A- New Traders General Insurance Co ON 85795 A- Bq Trust Assurance Company MA 11729 NR-5 E Trust Insurance Company MA 11463 NR-5 E - United Wisconsin Insurance Co WI 01932 B++ A- Western Growers Insurance Co CA 02355 NR-1 D + Western Mutual Insurance Co CA 03139 A- p B++p + Western Mutual Pool CA 18192 A- B++ New West Virginia Insurance Co WV 10979 A- NR-2 International Barbados New Victoria Reinsurance Company Ltd. 57141 A g Bermuda New ACE Bermuda Insurance Ltd. 86361 A+ g AFC Re Limited 86863 NR-3 New Bison Insurance Company Ltd 84109 A- Sargasso Mutual Insurance Company, Ltd. 86103 NR-5 Canada The Ayr Farmers Mutual Fire Insurance Company 87770 NR-5 Bay of Quinte Mutual Insurance Company 87018 NR-5 - The Insurance Company of Prince Edward Island 87054 B- q The Kings Mutual Insurance Company 87056 NR-5 Personal Direct Insurance Company of Canada 87026 NR-5 New Temple Insurance Company 85755 A+ United General Insurance Corporation 87102 NR-5 Hong Kong + HSBC Insurance (Asia) Limited 86812 A+ Ireland New Canada Life International Re Limited 84304 A+ g South Korea New Hyundai Marine & Fire Insurance Co., Ltd. 85468 B++ United Kingdom - Independent Insurance Company Limited 85515 F New Lloyd's Syndicate 1243 48321 A s Barbados New NR-5 Bermuda New NR-5 B++u New NR-5 A- Canada B++q B+ q - B+ q B++q B+ q New NR-2 B q Hong Kong + A Ireland New NR-5 South Korea New NR-5 United Kingdom - B- u New NR-5 Ratings Under Review Current Company State AMB# Rating Life/Health Royal & Sun Alliance Life CA ON 85669 A u Property/Casualty Warner Insurance Company IL 02028 A++pu International Current Company AMB# Rating International Mexico Fianzas Comercial America, S.A. 86429 A u Seguros Comercial America S.A. de C.V. 85571 A u Rating Action: (+) or (-) Rating upgraded or downgraded. (New) Assigned initial rating
CURRENT GUIDE TO BEST'S RATINGS
For a complete explanation of Best's Ratings, please refer to the Preface pref·ace
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 +1-908-439-2200. 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 Associação Médica Brasileira (Brazil)
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.
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
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 AND AFFILIATION affiliation (fil´ēā´sh CODES
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
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), 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 and UK insurers that meet the minimum size and operating experience requirements for a Best's Rating but do not subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
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. Qualified Best's 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. 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 . Affiliation Codes are based on a Group (g), Pooling (p) or Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. (r) affiliation with other insurers.
Rating Modifers u Under Review q Qualified s Syndicate Affiliation codes g Group p Pooled r Reinsured 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.