Best's rating changes. (Ratings).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 December December: 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 103. See page 19 for the Current Guide to Best's Ratings or visit www.ambest.com/ratings/access.html for detailed rating definitions.
Ratings Changed
Life/Health
Rating Current Prior
Action Company State AMB# Rating Rating
+ American Pioneer Life Ins Co FL 06090 B++ B+
+ American Progressive L&H NY NY 08411 B++ B+
- American Republic Ins Co IA 06096 A- A
+ Constitution Life Ins Co TX 06273 B++ B+
Grand Pacific Life Ins Ltd HI 06471 NR-5 B+
Guarantee Security Life of AZ AZ 08401 NR-3 FPR 5
+ Independence Life & Annuity Co RI 06547 A+ A u
+ Keyport Benefit Life Ins Co NY 09575 A+ A u
+ Keyport Life Insurance Co RI 06615 A+ A u
- Life of America Ins Co TX 07961 C C+
Peninsular Life Ins Co FL 06902 NR-2 FPR 5
+ Penncorp Life Insurance Co ON 60155 B++ B+
+ Pennsylvania Life Insurance Co PA 06905 B++ B+
Polish Nat'l Alliance of US NA IL 06939 NR-r B++
- Republic American Life Ins Co TX 06574 C C+
Western Diversified Life Ins IL 08504 NR-3 A-
HMO
Rating Current Prior
Action Company State AMB# Rating Rating
Family Health Plan Cooperative WI 68664 NR-5 F
New PacifiCare Bhvrl Health of CA CA 64644 B++ NR-3
New PacifiCare Dental CA 64635 B++ NR-3
- PacifiCare of Texas, Inc TX 68706 B+ B++
- Providence Health Plan OR 68651 C++q B q
Prudential Hlth Care Pln of CT CT 68778 NR-5 A-
Property/Casualty
Rating Current Prior
Action Company State AMB# Rating Rating
- Aberdeen Insurance Company TX 03627 C- B
New Alabama Branch of AGC, SIF AL 55028 A-
- American Professionals Ins Co IN 00685 C- B
Capitol Casualty Company NE 00326 NR-4 A-
+ Colony Insurance Company VA 03283 A A-
+ Colony Insurance Group VA 05719 A A-
Delaware Atlantic Insurance Co DE 00373 NR-5 A
- F B Insurance Company KY 03212 A- A+
- Fairmont Insurance Company CA 04293 B++ A- u
+ Fire Districts of NY Mutual NY 03788 B++ B+
+ Front Royal Insurance Company OH 02619 A A-
- Highlands Casualty Company TX 02592 C- B
- Highlands Insurance Company TX 02239 C- B
- Highlands Insurance Group Inc NJ 18417 C- B
- Highlands Lloyds TX 02812 C- B
- Highlands Underwriters Ins Co TX 02240 C- B
- Industrial County Mutual Ins TX 01758 B++ A- u
International Indemnity Co GA 03709 NR-5 F
+ Ixonia Mutual Insurance Co WI 10526 B++ B+
New McM Acceptance Grp NC 18568 B++
- New England Fidelity Ins Co MA 12102 F E
- NN Insurance Company WI 00213 C- B
- Northwestern National Cas Co WI 02373 C- B
- Pacific Automobile Ins Co CA 02880 C- B
- Pacific National Ins Co CA 02376 C- B
- Paradigm Insurance Company IN 00715 F E
Pegasus Insurance Company OK 10771 NR-3 C+
+ Preferred National Ins Co VA 11035 A A-
Queensway Casualty Ins Co FL 11258 NR-5 F
+ Rockwood Casualty Group PA 18446 A A-
+ Rockwood Casualty Insurance Co PA 02723 A A-
+ Rural Community Insurance Co MN 02647 A- B++
+ Somerset Casualty Insurance PA 12126 A A-
- State Capital Insurance Co NC 00858 C- B
- State Farm Indemnity Company IL 11224 B- B+ u
- Statesman Insurance Company IN 02489 C- B
Sun States Insurance Group GA 02908 NR-5 F
- TIG American Specialty Ins Co TX 01904 B++ A- u
- TIG Indemnity Company CA 02512 B++ A- u
- TIG Insurance Company CA 02507 B++ A- u
- TIG Insurance Co of Colorado CO 03760 B++ A- u
- TIG Insurance Company of MI MI 02508 B++ A- u
- TIG Insurance Company of NY NY 02511 B++ A- u
- TIG Insurance Company of TX TX 02510 B++ A- u
- TIG Insurance Corp of America MI 02505 B++ A- u
- TIG Insurance Group TX 00090 B++ A- u
- TIG Lloyds Insurance Company TX 02863 B++ A- u
- TIG Premier Insurance Company CA 02504 B++ A- u
- TIG Specialty Insurance Co CA 02502 B++ A- u
- Underwriters Guarantee Inc Co FL 00541 E C++
- United Capitol Insurance Co IL 02795 F E
+ Wilson Mutual Insurance Co WI 01964 A B+ u
International
Rating
Action Company AMB#
Barbados
New Imagine Insurance Company Limited 84750
Bahrain
Arig Reinsurance Company B.S.C. 86938
Bermuda
New BF&M Ltd 84104
New Da Vinci Reinsurance Ltd 84749
New The Stuart Insurance 87871
Denmark Group, Ltd. The Copenhagen
Reinsurance Company Ltd 85804
The Copenhagen Reinsurance Group 85996
France
Compagnie Transcontinentale
de Reassurance 85553
United Kingdom
Aioi Insurance Company 86292
of Europe Limited
Automobile Association Underwriting
Services Limited 87225
Avon Insurance plc 85814
AXA Global Risks (UK) Limited 86164
Britannic Assurance plc 87253
CGU International Insurance plc 86250
CGU Underwriting Limited 87290
Clerical Medical Investment Group Limited 87876
Co-operative Insurance Society Limited 87284
Commercial Union Life
Assurance Company Limited 87873
DAS Legal Expenses Insurance
Company Limited 87310
Direct Line Insurance plc 87316
Domestic and General Insurance PLC 87319
Eagle Star Insurance Company Limited 85397
EULER Trade Indemnity plc 87336
Folgate Insurance Company Limited 87350
Fortis Insurance United 87233
Gresham Insurance Company Limited 87371
Groupama General Insurance 87434
Company Limited
Groupama Insurance Company Limited 85211
Liverpool Victoria Insurance 87864
Company Limited
Lloyds TSB General Insurance Limited 87642
London Life Limited 87440
Maritime Insurance Company Limited 86301
MMA Insurance plc 86488
The National Insurance and Guarantee
Corporation PLC 87479
Norwich Union Insurance Limited 85250
Pearl Assurance Public Limited Company 85103
Privilege Insurance Company Limited 87538
Provident Insurance plc 87542
The Prudential Assurance Company Limited 85641
Sterling Insurance Company Limited 86297
Trafalgar Insurance Public Limited Company 87635
U K Insurance Limited 87648
Western Provident Association Limited 87671
Westminster Motor Insurance 87672
Association Limited
Rating Current Prior
Action Rating Rating
Barbados
New A-
Bahrain
B+ u B++u
Bermuda
New A-
New A
New A-
Denmark
NR-4 B u
NR-4 B u
France
B++ A-
United Kingdom
NR-5 B+ q
B++pd B++q
A pd A- p
NR-3 B- p
B+ pd B++q
NR-5 A- p
B pd B+ q
A pd A q
B++pd A- q
A- pd A- q
A- pd A- q
A- pd A- q
A pd A- q
B+ pd B+ q
NR-5 B++q
B pd B+ q
A- pd A- q
B++pd B++q
B- pd
B- pd B+ p
B pd B+ q
A pd A q
B+ pd B+ q
B pd B+ q
B+ pd B++q
B+ pd B++q
NR-5 A- q
NR-5 A q
NR-3 B q
B++pd B++q
A pd A q
B pd B+ q
B+ pd B+ q
A- pd B++q
B++pd A- q
B pd B++q
Ratings Under Revie
Property/Casualty
Current
Company State AMB# Rating
American Compensati Ins Co MN 11419 B+ u
American Physicians Assur Corp MI 03670 A- u
APCapital Group MI 18321 A- u
APSpecialty Insurance Corp MI 11764 A- u
Commonwealth Insurance Co BC 85730 A- u
Commonwealth Insurance Co Amer WA 11766 A- u
Insurance Corp of America MI 12081 A- u
Le Mars Mutual Ins of IA IA 00556 B+ u
Nissan Fire & Mar Ins USB NY 02693 A u
Parkway Insurance Company NJ 01891 B++u
International
Current
Company AMB# Right
Denmark
Tryg-Baltica Insurance, 86161 A- u
international insurance
company A/S
Japan
The Nissan Fire & Marine 85136 A u
Insurance Company, Limited
Trinidad And Tobago
Guardian Life of the 84191 A u
Caribbean Limited
N.E.M. (West Indies) In- 86254 A u
surance Limited
United Kingdom
Tryg-Baltica Internati- 85543 A- u
onal (UK) Limited
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating placed under review
RELATED ARTICLE: 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] 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 (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 are 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). 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. 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. 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 conj. 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 Secure FPR Ratings FPR 9 Very Strong FPR 8 and 7 strong FPR 6 and 5 Good Vulnerable Best's Ratings B and B- Fair C++ and C+ Marginal C and C- Weak D Poor E Under Regulatory Sueprvision F In Liquidation S Rating Suspended Vulnerable FPR Ratings FPR 4 Fair FPR 3 Marginal FPR 2 Weak FPR 1 Poor RATING MODIFIERS 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 adj. 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 (HMO's) and 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 that do not 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 process. Best's Qualified 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. Best's Public Data (pd) Rating Modifiers may be assigned to 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 using publicly available data and other public information. 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 . Rating Modifiers u Under Review q Qualified s Syndicate pd Public Data 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. |
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