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 June June: see month. 2006 edition of Best's Review. See page 20 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
- American Underwriters Life
Insurance Co 08795 B- B
US: Arizona
New Club Insurance Company 12356 B++ NR-5
US: Ohio
New Community Health Plan Insurance
Company 09101 B NR-2
US: Missouri
First National Life Ins Co of the
U.S.A. 07679 NR-4 B+
US: Nebraska
- HIP Insurance Company of New York 08034 B+ B++ u
US: New York
- Humana Insurance of Puerto Rico
Inc 08265 B+ B++
US: Puerto Rico
Life and Health Insurance Co of
America 08070 NR-5 F
US: Pennsylvania
New MVP Health Insurance Company 60369 B+ NR-5
US: New York
Old Standard Life Insurance
Company 68103 NR-5 E
US: Idaho
Paragon Life Insurance Company 09079 NR-5 A+
US: Missouri
New Premier Health Insurance Company
Inc 60384 B++ NR-3
US: Missouri
ULLICO Life Insurance Company 06316 NR-3 B
US: Texas
+ Union Labor Life Insurance
Company 07152 B+ B
US: Maryland
+ USAble Corporation 50925 A A-
US: Arkansas
Vytra Health Services Inc 64599 NR-5 B+ u
US: New York
HMO
AmCare Health Plans of Texas Inc 68561 NR-5 E
US: Texas
New CarePlus Health Plans Inc 68925 B++ NR-3
US: Florida
+ CHA HMO Inc 64403 B++ B+ u
US: Kentucky
Coordinated Care Solutions of
Texas Inc 64746 NR-5 E
US: Texas
- Health Insurance Pln of Greater
NY 68985 B+ B++ u
US: New York
+ HMO Partners Inc 68964 A A-
US: Arkansas
- Humana Health Plans of Puerto
Rico Inc 60162 B+ B++
US: Puerto Rico
+ IU Health Plan Inc 64386 C+ pd C pd
US: Indiana
New MVP Health Plan 68567 B+ B pd
US: New York
PHP Insurance Plan Inc 64123 NR-5 C pd
US: Wisconsin
New Rochester Area Health Maintenance
Org 64296 B+ B+ pd
US: New York
- Unison Health Plan of
Pennsylvania Inc 64104 C+ pd C++ pd
US: Pennsylvania
Vytra Health Plans Long Island
Inc 68957 NR-5 B+ u
US: New York
Property/Casualty
+ ACA Insurance Company 12211 A+ A
US: Alaska
New Accident Fund General Insurance
Co 13044 A
US: Michigan
New Accident Fund Group 18680 A
US: Michigan
New Accident Fund National Insurance
Co 13043 A
US: Michigan
New Amer Modern Surplus Lines
Insurance Co 13062 A+
US: Ohio
+ American Compensation Insurance
Company 11419 B++ B+
US: Minnesota
New American Modern Ins Co of
Florida, Inc. 13020 A+
US: Florida
+ Ameritrust Insurance Corporation 12011 B++ B+
US: Florida
Atlantic Preferred Insurance Co 12202 E NR-4
US: Florida
New Bloomington Compensation
Insurance Co 13035 B++
US: Minnesota
+ Bristol West Casualty Insurance
Company 12404 A- B++
US: Ohio
+ Bristol West Insurance Company 12461 A- B++
US: Pennsylvania
+ Bristol West Insurance Group 18131 A- B++
US: Florida
+ California State Auto Assn Inter-
Ins Bur 00228 A+ A
US: California
+ California State Auto Group 18460 A+ A
US: California
- Catholic Relief Ins Co of America 03035 B++ A-
US: Nebraska
China America Insurance Company
Limited 10587 NR-5 A+ u
US: Delaware
+ Coast National Insurance Company 00177 A- B++
US: California
Crestbrook Insurance Company 01987 NR-3 A- u
US: Ohio
+ Dallas National Insurance Company 01790 A- B++
US: Texas
Desjardins Assurances Generales
Inc 86005 NR-5 B++ pd
Canada: Quebec
New Echelon Prop & Cas Insurance
Company 12679 B NR-2
US: Illinois
- Farm Bureau Insurance of N.C. Inc 11659 A A+
US: North Carolina
- Farmers Mutual Fire Ins Co of
Salem Cty 03376 B+ B++
US: New Jersey
+ Farmers Union Mutual Insurance Co
(ND) 03141 A A-
US: North Dakota
- First Floridian Auto and Home Ins
Co 11872 A- A
US: Florida
+ Forestry Mutual Insurance Company 12251 C+ C
US: North Carolina
+ HSBC Insurance Company of
Delaware 04698 A+ B++
US: Delaware
Indemnity National Insurance Co 11565 NR-5 A
US: Mississippi
New Lancer Casualty Company 10093 A-
US: New Jersey
+ Louisiana Retailers Mutual
Insurance Co 12200 A- B++
US: Louisiana
- Nationwide Indemnity Company 11664 B+ A- u
US: Ohio
- North Carolina FB Insurance Grp 18279 A A+
US: North Carolina
- North Carolina FB Mutual Ins Co 00708 A A+
US: North Carolina
- Palmetto Casualty Insurance
Company 11240 A- A
US: South Carolina
New Personal Express Insurance
Company 13069 A-
US: California
Personal General Insurance Inc. 86006 NR-5 B+ pd
Canada: Quebec
New RTW Group 18685 B++
US: Minnesota
+ Security National Insurance
Company 10796 A- B++
US: Florida
+ Seminole Casualty Insurance
Company 11075 B B-
US: Florida
New Sequoia Indemnity Company 13076 A-
US: Nevada
- South Carolina Farm Bureau Group 18268 A- A
US: South Carolina
- South Carolina FB Mutual Ins Co 00838 A- A
US: South Carolina
Southeastern Mutual Insurance
Company 87736 NR-5 B++ pd
Canada: New Brunswick
- States Self-Insrs RRG , Inc 10795 B+ B++
US: Vermont
+ Sterling Insurance Company 00872 A A-
US: New York
New Twin Lights Insurance Company 13061 B++
US: New Jersey
+ Ulico Casualty Company 02623 B B-
US: Delaware
New United Specialty Insurance
Company 13105 A
US: Delaware
+ United Wisconsin Insurance
Company 01932 A B++
US: Wisconsin
+ Utica First Insurance Company 00944 A- B++
US: New York
+ Washington Mutual Fire and Storm
Ins Co 04626 B++ B+
US: Pennsylvania
- Wesco Insurance Company 02468 A- u A+
US: Delaware
+ Western United Insurance Company 11042 A+ A
US: California
International
Aanvullende
Pensioenverzekeringskas 89515 F NR-5
Belgium
New CastlePoint Reinsurance Company
Limited 78308 A-
Bermuda
HSBC Medical Insurance Limited 84721 NR-3 A+
Hong Kong
New Life of Jamaica Limited 86086 A NR-5
Jamaica
New Oriental Insurance Company
Limited 86044 B++ NR-5
India
+ Through Transport Mut Ins Asc
(EurAsia) 84975 A- B++
United Kingdom
+ Through Transport Mutual Ins
Assoc Ltd 87148 A- B++
Bermuda
- West of England Ship Owners Mut
Ins Asn 84144 A- u A
Luxembourg
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
Central Reserve Life Insurance
Company 06203 B+ u B+
US: Ohio
Continental General Insurance
Company 07360 B+ u B+
US: Nebraska
Southern Pioneer Life Insurance
Company 07521 B+ u B+
US: Arkansas
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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