Best's Statement File Available Life/Health, Property/Casualty.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--March 31, 2003 A.M. Best Co. has shipped the initial release of Best's Statement File, Life/Health and Property/Casualty editions. Each database presents five years of financial statement data for life/health or property/casualty single companies and groups operating in the U.S. The database also contains Best's Ratings 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. , A.M. Best's well-known indicators of insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. financial strength. "A.M. Best maintains its information leadership to the insurance industry by providing reliable, quality data combined with powerful software functionality," said Paul Tinnirello, A.M. Best's executive vice president of Information Services See Information Systems. . Comprehensive data is released to customers at the earliest possible date to permit timely, useful analysis. Data flows scheduled for release in the coming weeks will present preliminary industry totals and, in the Life/Health edition, Health Statement and Separate Accounts data. These releases will culminate culminate, in astronomy, the maximum height in the sky reached by a celestial body on a given day. At the culminate the body is crossing the observer's celestial meridian and is said to be in upper transit. in complete industry totals shipped by early summer. The inclusion of a Health database, new for 2003, reflects the consolidation of the HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , HMDI HMDI Hexamethylene Di-Isocyanate and LHSO LHSO Limited Health Service Organization statement blanks. The database presents five years of data for approximately 800 affiliated and unaffiliated single companies that have converted to this type of statement blank. Other enhancements to Best's Statement File include access to BestDirect for purchasers of the Life/Health or Property/Casualty databases. BestDirect, A.M. Best's real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. company tracking service, provides e-mail notification of rating changes, news articles, press releases and changes to company reports for insurance companies of the subscriber's choice. Another enhancement to both editions of Best's Statement File is the inclusion of the five-year historical pages. Property/Casualty Statement pages 22 and 23, Life/Health Statement pages 27 and 28, and Health Statement pages 32 and 33 are presented for single companies. Insurance professionals responsible for market research and business development use the information in Best's Statement File to evaluate their company's competitive position and to perform broad-based insurance industry research. A.M. Best has published this information in electronic format since 1992 and has been the world's leading provider of insurance industry information and ratings since 1899. The initial release was shipped on March 21, 2003. For more information, please contact A.M. Best Company at (908) 439-2200, ext. 5311 or email sales@ambest.com. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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