Best's rating changes.This edition 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 reflects all rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 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 insurance companies, since this section last appeared in the August 2006 edition of Best's Review. See page 26 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 also are available free of charge at www.ambest.com/ratings/access.html.
Ratings Changed
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life/Health
Academy Life Insurance Company 06003 NR-5 A-
US: Missouri
+ Allmerica Financial Life Ins &
Ann Co 08491 A- B+ u
US: Massachusetts
- Great American Life Assur Co of
PR 07631 B++ A-
US: Puerto Rico
Liberty Life Insurance Company 06628 NR-5 A
US: South Carolina
- North Carolina Mutual Life
Insurance Co 06835 B B+
US: North Carolina
- Orkney Re Inc 60559 B++ u A-
US: South Carolina
- Scottish Re (U.S.) Inc 08785 B++ u A-
US: Delaware
- Scottish Re Life Corporation 08928 B++ u A-
US: Delaware
Seguros de Vida Triple-S Inc 68131 NR-5 A- u
US: Puerto Rico
Settlers Life Insurance Company 68040 NR-5 B++
US: Virginia
- Triple-S Inc 68130 B++ A- u
US: Puerto Rico
HMO
- Athens Area Health Plan Select
Inc 64556 C pd C+ pd
US: Georgia
+ Cape Health Plan Inc 64490 C++ pd C+ pd
US: Michigan
- Central Oregon Independent Health
Servcs 64496 C++ pd B- pd
US: Oregon
+ Community Health Choice Inc 64454 C++ pd C+ pd
US: Texas
- CommunityCare HMO Inc 64165 C++ pd B- pd
US: Oklahoma
+ DC Chartered Health Plan Inc 64625 B- pd C++ pd
US: District Of Columbia
Denver Health Medical Plan Inc 64420 C+ pd NR-5
US: Colorado
- Educators Health Care 68603 B- pd B pd
US: Utah
Family Health Plan Inc 68665 NR-5 D pd
US: Ohio
+ Geisinger Health Plan 68588 B- pd C++ pd
US: Pennsylvania
+ HealthPlus of Michigan Inc 68555 B- pd C+ pd
US: Michigan
+ Hometown Health Plan 68576 B pd C++ pd
US: Ohio
+ Managed Health Inc 64346 C++ pd C+ pd
US: New York
+ Medical Associates Health Plan
Inc 68542 B- pd C++ pd
US: Iowa
+ Medical Health Insuring Corp of
Ohio 64217 B+ pd B pd
US: Ohio
+ Mount Carmel Health Plan Inc 64112 B pd B- pd
US: Ohio
+ Neighborhood Health Plans of RI
Inc 64293 C++ pd C+ pd
US: Rhode Island
Optima Health Group Inc 68940 NR-5 B+ pd
US: Virginia
+ Parkland Community Health Plan
Inc 64461 C+ pd C- pd
US: Texas
+ Preferred Health 64053 B- pd C+ pd
US: Puerto Rico
+ Seton Health Plan Inc 64252 B- pd C++ pd
US: Texas
Superior Dental Care Inc 65724 B- pd NR-5
US: Ohio
+ Tufts Associated Health Maint Org
Inc 68684 B pd B- pd
US: Massachusetts
UNICARE Health Plan of Virginia
Inc 64725 NR-5 A-
US: Virginia
+ Virginia Premier Health Plan 64251 C++ pd C+ pd
US: Virginia
Willamette Dental of Idaho Inc 64402 NR-5 C+ pd
US: Idaho
Willamette Dental of Washington
Inc 64529 NR-5 C++ pd
US: Washington
Property/Casualty
- AIMCO Mutual Insurance Co 12543 B++ A- u
US: North Carolina
New AXIS Insurance Company 13034 A
US: Illinois
Compania de Fianzas de Puerto
Rico 11446 NR-4 C
US: Puerto Rico
New CORE Insurance Company 13131 A-
US: Vermont
+ Doctors Company An Interinsurance
Exch 03686 A- B++
US: California
+ Doctors Company Insurance Group 18083 A- B++
US: California
- Florida Select Insurance Company 11869 E C++ u
US: Florida
Galway Insurance Company 11765 NR-5 B+
US: California
- Hawaiian Insurance & Guar Co, Ltd 11581 E C++ u
US: Hawaii
New Northwest Physicians Insurance
Company 10352 A- NR-5
US: Oregon
New Park Assurance Company 76069 A-
US: Vermont
+ Prime Insurance Syndicate Inc. 11306 B+ B
US: Illinois
+ Professional Underwriters Liab
Ins Co 10763 A- B++
US: Utah
- Shelby Casualty Insurance Company 02277 E C++ u
US: Texas
- Shelby Insurance Company 00832 E C++ u
US: Texas
New Texas Heritage Insurance Company 13135 B++
US: Texas
- Texas Select Lloyds Insurance
Company 11082 E C++ u
US: Texas
+ Underwriter for the Professions
Ins Co 11091 A- B++
US: Colorado
- Vesta Fire Insurance Corporation 04407 E C++ u
US: Texas
- Vesta Insurance Corporation 01813 E C++ u
US: Texas
Vesta Insurance Group 05681 NR-5 C++ u
US: Alabama
International
+ Infrassure Ltd 83983 A- B++
Switzerland
Koelnische Rueckversicherungs 85390 NR-5 A++
Austria
New Lloyd's Syndicate 2020 48341 A s
United Kingdom
New SCOR Global P & C 78344 B++ u
France
- Scottish Annuity & Life Ins Co
(Cayman) 86896 B++ u A-
Cayman Islands
- Scottish Re Limited 87677 B++ u A-
United Kingdom
Western General Insurance Ltd 85932 NR-4 B+
Bermuda
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating: (u) Rating under review
Ratings Under Review
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life/Health
American Independent Network Ins
of NY 60292 B u B
US: New York
American Investors Life Insurance
Co 06075 A u A
US: Kansas
American Network Insurance
Company 07362 B u B
US: Pennsylvania
AmerUs Life Insurance Company 06199 A u A
US: Iowa
Bankers Life Insurance Co of NY 06467 A u A
US: New York
Indianapolis Life Insurance
Company 06552 A u A
US: Indiana
Penn Treaty Network America
Insurance Co 06385 B u B
US: Pennsylvania
Revios Reinsurance US Inc 60212 A- u A-
US: California
SCOR Life Insurance Company 06996 B++ u B++
US: Texas
SCOR Life U.S. Re Insurance
Company 06555 B++ u B++
US: Texas
Property/Casualty
General Security Indemnity Co of
Arizona 02837 B++ u B++
US: Arizona
General Security National
Insurance Co 02665 B++ u B++
US: New York
Health Care Indemnity Inc 03701 A- u A-
US: Colorado
Miami Mutual Insurance Company 04694 A- u A-
US: Ohio
Omni Indemnity Company 10831 A- u A-
US: Illinois
Omni Insurance Company 10642 A- u A-
US: Illinois
Omni Insurance Group, Inc 18106 A- u A-
US: Georgia
SCOR Canada Reinsurance Company 85445 B++ u B++
Canada: Ontario
SCOR Reinsurance Company 03599 B++ u B++
US: New York
International
Revios Rueckversicherung AG 89004 A- u A-
Germany
Revios Rueckversicherung AG 77336 A- u A-
Germany
SCOR 85027 B++ u B++
France
SCOR DEUTSCHLAND
Rueckversicherungs 85312 B++ u B++
Germany
SCOR Group 86155 B++ u B++
France
Scor Italia Riassicurazioni
S.p.A. 85232 B++ u B++
Italy
SCOR Reinsurance Asia-Pacific Pte
Ltd 86117 B++ u B++
Singapore
SCOR UK Company Ltd 85448 B++ u B++
United Kingdom
SCOR Vie 77365 B++ u B++
France
Wuertt und Badische
Versicherungs-AG 84678 B++ u B++
Germany
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating 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 Financial
Strength 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 as to an
insurer's financial strength and ability to meet its ongoing
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 policy-
holders.
B++, B+ Very Good Assigned to companies that have, in our
opinion, a good ability to meet their on-
going obligations to policyholders.
Vulnerable
B, B- Fair Assigned to companies that have, in our
opinion, a fair ability to meet their on-
going obligations to policyholders and
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
ongoing obligations to policyholders and
are financially vulnerable to adverse
changes in underwriting and economic con-
ditions.
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 poorly ability to meet
their ongoing obligations to policy-
holders and are financially extremely
vulnerable to adverse changes in under-
writing and economic conditions.
E Under Assigned to companies (and possibly their
Regulatory subsidiaries/affiliates) that have been
Supervision placed by an insurance regulatory authori-
ty under a significant form of supervi-
sion, 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 volunta-
rily 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 expe-
rienced 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) or 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.
Ratings
Modifiers
Modifier Descriptor Definition
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 be subject
to 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 NR-2: Insufficient NR-3: Rating Procedure
Data. Size and/or Opera- Inapplicable.
ting Experience.
NR-4: Company NR-5: Not Formally
Request. Followed.
Rating Outlook
Best's 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. Public Data
Ratings are not assigned an Outlook. 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 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] 2006 by A.M. Best Company,
Inc.
Version 031606
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