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 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 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 2003 edition of Best's Review. Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in Best Week, our weekly insurance industry newsletter. See page 18 for the Current Guide to Best's Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/access.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
Action Company Name & Domicile AMB# Rating
Life
- First Great-West L & A Ins Co 60244 A+
US: New York
- Great-West Life & Annuity Insurance Co 06981 A+
US: Colorado
- Great-West Life Assurance Company 06493 A+
Canada: Manitoba
IL Annuity and Insurance Company 07407 NR-5
US: Kansas
- London Life Insurance Company 06667 A+
Canada: Ontario
HMO
Care 1st Health Plan Inc 64143 C++ pd
US: California
Carilion Health Plans Inc 64438 C+ pd
US: Virginia
- Heritage Provider Network Inc 64580 C+ pd
US: California
- Kaiser Fdn Hlth PI Mid-Atlantic States 68551 C++ pd
US: Maryland
- Kaiser Foundation Health Plan Inc 64585 B pd
US: California
- Kaiser Foundation Health Plan of CO 68516 B pd
US: Colorado
Managed Health Inc 64346 C++ pd
US: New York
New West Health Services 64398 C++ pd
US: Montana
- One Health Plan of California Inc 64023 A
US: California
- One Health Plan of Colorado Inc 64024 A
US: Colorado
- One Health Plan of Georgia Inc 64025 A
US: Georgia
- One Health Plan of Illinois Inc 64026 A
US: Illinois
- One Health Plan of Texas Inc 64027 A
US: Texas
+ PreferredOne Community Health Plan 64054 B++ pd
US: Minnesota
PrimeCare Medical Network Inc 64659 C+ pd
US: California
+ Rochester Area Health Maintenance Org 64296 B pd
US: New York
+ San Mateo Health Commission 64575 C++ pd
US: California
Santa Barbara Regional Health Authority 64710 C pd
US: California
Santa Cruz-Monterey Managed Medical Care 64656 B- pd
US: California
New Wellness Plan 68623 E
US: Michigan
Property/Casualty
American Agri-Business Insurance Company 03175 NR-5
US: Iowa
American Feed Group 18351 NR-5
US: Iowa
Fidelity Excess and Surplus Insurance Co 00245 NR-5
US: Ohio
+ GCAN Insurance Company 85749 A
Canada: Ontario
ING Western Union Insurance Company 85806 NR-5
Canada: Alberta
New James River Insurance Company 12604 A-
US: Ohio
Lion Insurance Company 12287 NR-5
US: Florida
New Nichido Insurance Company (Pacific) Ltd 12553 A+
US: Guam
New Underwriters Reinsurance Company 12603 A
US: New Hampshire
- Wasatch Crest Mutual Insurance Company 10111 E
US: Utah
Western Specialty Insurance Company 10630 NR-5
US: Illinois
White Hall Mutual Insurance Company 02566 F
US: Pennsylvania
International
New Alea Group 51009 A-
Bermuda
- Canada Life International Re Limited 84304 A
Ireland
New Infrassure Ltd 83983 B++
Switzerland
- Lloyd's Syndicate 102 47762 A- s
United Kingdom
New Ocaso, S.A. Seguros y Reaseguros 85823 A+
Spain
New Transmonde Services Insurance Co Ltd 56115 A-
Bermuda
Underwriter Insurance Company Limited * 87115 NR-3
United Kingdom
New W R Berkley Insurance (Europe) Ltd 83829 A
United Kingdom
Rating Previous
Action Company Name & Domicile Rating
Life
- First Great-West L & A Ins Co A++ u
US: New York
- Great-West Life & Annuity Insurance Co A++ u
US: Colorado
- Great-West Life Assurance Company A++ u
Canada: Manitoba
IL Annuity and Insurance Company A-
US: Kansas
- London Life Insurance Company A++ u
Canada: Ontario
HMO
Care 1st Health Plan Inc NR-5
US: California
Carilion Health Plans Inc NR-5
US: Virginia
- Heritage Provider Network Inc C++ pd
US: California
- Kaiser Fdn Hlth PI Mid-Atlantic States B- pd
US: Maryland
- Kaiser Foundation Health Plan Inc B+ pd
US: California
- Kaiser Foundation Health Plan of CO B+ pd
US: Colorado
Managed Health Inc NR-5
US: New York
New West Health Services NR-5
US: Montana
- One Health Plan of California Inc A+ u
US: California
- One Health Plan of Colorado Inc A+ u
US: Colorado
- One Health Plan of Georgia Inc A+ u
US: Georgia
- One Health Plan of Illinois Inc A+ u
US: Illinois
- One Health Plan of Texas Inc A+ u
US: Texas
+ PreferredOne Community Health Plan B+ pd
US: Minnesota
PrimeCare Medical Network Inc NR-5
US: California
+ Rochester Area Health Maintenance Org B- pd
US: New York
+ San Mateo Health Commission C+ pd
US: California
Santa Barbara Regional Health Authority NR-5
US: California
Santa Cruz-Monterey Managed Medical Care NR-5
US: California
New Wellness Plan C- pd
US: Michigan
Property/Casualty
American Agri-Business Insurance Company B++
US: Iowa
American Feed Group B++
US: Iowa
Fidelity Excess and Surplus Insurance Co A
US: Ohio
+ GCAN Insurance Company A- u
Canada: Ontario
ING Western Union Insurance Company A+
Canada: Alberta
New James River Insurance Company
US: Ohio
Lion Insurance Company A
US: Florida
New Nichido Insurance Company (Pacific) Ltd NR-1
US: Guam
New Underwriters Reinsurance Company
US: New Hampshire
- Wasatch Crest Mutual Insurance Company C++
US: Utah
Western Specialty Insurance Company F
US: Illinois
White Hall Mutual Insurance Company NR-1
US: Pennsylvania
International
New Alea Group
Bermuda
- Canada Life International Re Limited A+
Ireland
New Infrassure Ltd
Switzerland
- Lloyd's Syndicate 102 A s
United Kingdom
New Ocaso, S.A. Seguros y Reaseguros NR-5
Spain
New Transmonde Services Insurance Co Ltd
Bermuda
Underwriter Insurance Company Limited * B
United Kingdom
New W R Berkley Insurance (Europe) Ltd
United Kingdom
Rating Action: (+) or (-) Rating upgraded or downgraded; (New)
Assigned initial rating; (u) Rating placed under review
Ratings Under Review
Rating Current
Action Company Name & Domicile AMB# Rating
Life
U Canada Life Insurance Co of Puerto Rico 60378 A+ u
US: Puerto Rico
U Chesapeake Life Insurance Company 06215 A- u
US: Oklahoma
U MEGA Life and Health Insurance Co 09190 A- u
US: Oklahoma
U Mid-West National Life Ins Co of TN 06715 A- u
US: Tennessee
U Protected Home Mutual Life Insurance Co 06961 B u
US: Pennsylvania
Property/Casualty
U Iowa American Insurance Company 03603 B u
US: Iowa
U Iowa Mutual Group 03907 B u
US: Iowa
U Iowa Mutual Insurance Company 00528 B u
US: Iowa
Rating Previous
Action Company Name & Domicile Rating
Life
U Canada Life Insurance Co of Puerto Rico A+
US: Puerto Rico
U Chesapeake Life Insurance Company A-
US: Oklahoma
U MEGA Life and Health Insurance Co A-
US: Oklahoma
U Mid-West National Life Ins Co of TN A-
US: Tennessee
U Protected Home Mutual Life Insurance Co B
US: Pennsylvania
Property/Casualty
U Iowa American Insurance Company B
US: Iowa
U Iowa Mutual Group B
US: Iowa
U Iowa Mutual Insurance Company B
US: Iowa
* Rating was downgraded to B from B+ on July 15, 2003, prior to its
present NR-3 rating
Rating Action: (+) or (-) Rating upgraded or downgraded; (New)
Assigned initial rating; (u) Rating placed under review
CURRENT GUIDE TO BEST'S RATINGS For a complete explanation of Best's Ratings, please refer to the Preface pref·ace n. 1. 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] of Best's Key Rating Guide[R], Best's Ratings reflect our opinion of a company's financial strength and ability to meet its ongoing 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 (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 Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) #). * All rating actions ate published in the Rating Monitor section of BestWeek[R], Selected rating changes and new ratings are published in Best's RevieW[R] (our monthly magazine). BEEPS BEEPS Business Environment and Enterprise Performance Survey (World Bank) BEEPS Building Energy and Environment Performance System BEEPS Boeing Employees' Everett Prospecting Society (Everett, WA) RATINGS A.M. Best ratings (A++ to F) are assigned to insurance companies that subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take 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 service. 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. qualitative pertaining to observations of a categorical nature, e.g. breed, sex. evaluation of a company's balance sheet strength, operating performance and business profile. 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 RATING MODIFIERS Under Review (u) Rating Modifiers are assigned to Best's Ratings to identify companies whose rating opinions are Under Review and may be subject to near-term near-term adj. Of, for, or involving a short period of time in the near future. change. 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 . Best's Public Data (pd) 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. , UK and other European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. insurers that do not subscribe to our interactive rating process. Best's Public Data Ratings reflect both qualitative and 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: using publicly available data and other public information. NOT RATED CATEGORIES (NR) Companies not assigned a Best's Rating 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 letter-rated (A++ through D) 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 ate proprietary and may not be reproduced without permission. Version 061603 |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion