Best's rating changes.This edition of Best's Rating Best's ratingA 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. 2005 edition of Best's Review. See page 24 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 tree of charge at www.ambest.com/ratings/access.html.
Ratings Changed
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life/Wealth
- AGC Life Insurance Company 09199 A+ (u) A++ (u)
US: Missouri
- AIG Annuity Insurance Company 07235 A+ (u) A++ (u)
US: Texas
- AIG Assurance Canada 66828 A+ (u) A++ (u)
Canada: Ontario
- AIG Life Insurance Company 06809 A+ (u) A++ (u)
US: Delaware
- AIG Life Insurance Company of 66835 A+ (u) A++ (u)
Canada
Canada: Ontario
- AIG Life Insurance Company of PR 06073 A+ (u) A++ (u)
US: Puerto Rico
- AIG SunAmerica Life Assurance 06115 A+ (u) A++ (u)
Company
US: Arizona
+ American Community Mutual 06044 B+ B
Insurance Co
US: Michigan
- American General Assurance 06989 A+ (u) A++ (u)
Company
US: Illinois
- American General Life and Acc 06788 A+ (u) A++ (u)
Ins Co
US: Tennessee
- American General Life Insurance 06058 A+ (u) A++ (u)
Company
US: Texas
- American International Life 06072 A+ (u) A++ (u)
Assurance NY
US: New York
American Life & Health Insurance 06078 NR-3 B++
Company
US: Missouri
- American Life Insurance Company 06081 A+ (u) A++ (u)
US: Delaware
- Balboa Life Insurance Company 06965 A- A
US: California
- Balboa Life Insurance Company of 60347 A- A
NY
US: New York
Banc One Kentucky Insurance 09429 NR-3 B++
Company
US: Kentucky
CIGNA Life Insurance Company of 68625 NR-5 B+ pd
Canada
Canada: Ontario
Congress Life Insurance Company 07600 NR-3 B++
US: Arizona
CUMIS Life Insurance Company 08815 NR-5 B++ pd
Canada: Ontario
- Delaware American Life Insurance 06305 A+ (u) A++ (u)
Company
US: Delaware
Desjardins Financial Security 69306 NR-5 A- pd
Canada: Quebec
Equitable Life Insurance Co of CA 06343 NR-5 B++ pd
Canada: Ontario
- First SunAmerica Life Insurance 09023 A+ (u) A++ (u)
Company
US: New York
Kentucky Home Life Insurance 60296 NR-2 B+ (u)
Company
US: Kentucky
New Medco Containment Insurance Co of 10747 A- NR-3
NY
US: New York
- Merit Life Insurance Co 06703 A (u) A+ (u)
US: Indiana
Modern Life Insurance Company of 08859 NR-3 A-
AZ Inc
US: Arizona
National Capital Life Insurance 68193 NR-5 B
Company
US: Texas
+ New Era Life Insurance Company of 07148 B+ B
MidW
US: Texas
- Pacific Union Assurance Company 06921 A- (u) A+ (u)
US: California
Reliable Life Insurance Company 09049 NR-5 B+ pd
Canada: Ontario
Scotia Life Insurance Company 66845 NR-5 B++ pd
Canada: Ontario
- SunAmerica Life Insurance Company 07102 A+ (u) A++ (u)
US: Arizona
- Teachers Protective Mutual Life 07114 B- (u) B
Ins Co
US: Pennsylvania
- United States Life Ins in the 07192 A+ (u) A++ (u)
City of NY
US: New York
Unity Life of Canada 66847 NR-5 B+ pd
Canada: Ontario
- Variable Annuity Life Insurance 07208 A+ (u) A++ (u)
Co
US: Texas
HMO
- PrimeHealth of Alabama Inc 64256 F E
US: Alabama
+ Providence Health Plan 68651 A- B++
US: Oregon
Property/Casualty
- AIG Centennial Insurance Company 00876 A+ (u) A++ (u)
US: Pennsylvania
- AIG Global Trade & Political Risk 11984 A+ (u) A++ (u)
Ins Co
US: New Jersey
- AIG Hawaii Insurance Company Inc 02784 A+ (u) A++ (u)
US: Hawaii
- AIG Indemnity Insurance Company 11768 A+ (u) A++ (u)
US: Pennsylvania
- AIG National Insurance Company 03786 A+ (u) A++ (u)
Inc
US: New York
- AIG Personal Lines Pool 18416 A+ (u) A++ (u)
US: Delaware
- AIG Preferred Insurance Company 02796 A+ (u) A++ (u)
US: Pennsylvania
- AIG Premier Insurance Company 02123 A+ (u) A++ (u)
US: Pennsylvania
- AIU Insurance Company 02389 A+ (u) A++ (u)
US: New York
- Alamo Title Insurance 12373 A- A
US: Texas
+ American Feed Industry Ins Co 10730 A- B++
RRG , Inc
US: Iowa
- American Home Assurance Company 02034 A+ (u) A++ (u)
US: New York
+ American Inter-Fidelity Exchange 01776 B+ B
US: Indiana
- American Internat Specialty Lines 03535 A+ (u) A++ (u)
Ins Co
US: Alaska
- American International Group 05953 A+ (u) A++ (u)
US: New York
- American International Ins Co of 11402 A+ (u) A++ (u)
CA, Inc
US: California
- American International Ins Co of 12021 A+ (u) A++ (u)
NJ
US: New Jersey
- American International Ins Co of 03536 A+ (u) A++ (u)
PR
US: Puerto Rico
- American International Insurance 03641 A+ (u) A++ (u)
Company
US: New York
- American International Pacific 02359 A+ (u) A++ (u)
Ins Co
US: Colorado
- American International South Ins 02833 A+ (u) A++ (u)
Co
US: Pennsylvania
- American Pacific Insurance 12039 A+ (u) A++ (u)
Company Inc
US: Hawaii
- American Road Insurance Company 00152 A- A
US: Michigan
+ American Summit Insurance Company 00722 B++ B+
US: Texas
- Armed Forces Insurance Exchange 03240 A- A
US: Kansas
- Audubon Indemnity Company 04121 A+ (u) A++ (u)
US: Mississippi
- Audubon Insurance Company 00180 A+ (u) A++ (u)
US: Louisiana
- Birmingham Fire Insurance Company 02349 A+ (u) A++ (u)
of PA
US: Pennsylvania
New California Insurance Company 02637 A- NR-3
US: California
New Cameron National Insurance 10817 B++ NR-2
Company
US: Missouri
- Chicago Title Insurance Company 04645 A- A
US: Missouri
- Chicago Title Insurance Company 12222 A- A
of OR
US: Oregon
- China America Insurance Company 10587 A+ (u) A++ (u)
Limited
US: Delaware
- CIM Insurance Corporation 02197 A- A
US: Michigan
- Commerce and Industry Insurance 85727 A+ (u) A++ (u)
Co of CA
Canada: Ontario
- Commerce and Industry Insurance 04000 A+ (u) A++ (u)
Company
US: New York
- Fidelity National Financial Inc 18525 A- A
US: Florida
- Fidelity National Title Insurance 11977 A- A
Co
US: California
- Financial Insurance Company of 00211 E C-
America
US: Texas
New Global Intl Insurance Co Inc 73474 A- NR-1
US: Hawaii
- GMAC Direct Insurance Company 12415 A- A
US: Missouri
- GMAC Insurance Company Online Inc 12403 A- A
US: Missouri
- GMAC Insurance Group 18431 A- A
US: Michigan
- Granite State Insurance Company 02360 A+ (u) A++ (u)
US: Pennsylvania
- IGF Insurance Company 03543 F E
US: Indiana
- Illinois National Insurance 02361 A+ (u) A++ (u)
Company
US: Illinois
New Independence Casualty Insurance 10088 A
Co
US: Massachusetts
- Insurance Company of State of PA 02035 A+ (u) A++ (u)
US: Pennsylvania
- Integon Casualty Insurance 11301 A- A
Company
US: North Carolina
- Integon General Insurance 02459 A- A
Corporation
US: North Carolina
- Integon Indemnity Corporation 02458 A- A
US: North Carolina
- Integon National Insurance 02387 A- A
Company
US: North Carolina
- Integon Preferred Insurance 11650 A- A
Company
US: North Carolina
- Integon Specialty Insurance 11034 A- A
Company
US: North Carolina
- Interstate Auto Insurance 11215 B B+
Company, Inc
US: Maryland
- Landmark Insurance Company 03756 A+ (u) A++ (u)
US: California
- Lexington Insurance Company 02350 A+ (u) A++ (u)
US: Delaware
- Lexington Insurance Pool 18485 A+ (u) A++ (u)
US: Delaware
- Majestic Insurance Company 01723 B++ A- (u)
US: California
- MIC General Insurance Corporation 02669 A- A
US: Michigan
- MIC Property and Casualty 02652 A- A
Insurance Corp
US: Michigan
- Minnesota Insurance Company 11587 A+ (u) A++ (u)
US: Minnesota
Motor Club of America Insurance 11031 NR-5 C++
Company
US: New Jersey
- Motors Insurance Corporation 00654 A- A
US: Michigan
+ Mt. Morris Mutual Insurance 10723 B++ B+
Company
US: Wisconsin
- National General Assurance 01822 A- A
Company
US: Missouri
- National General Insurance 03366 A- A
Company
US: Missouri
- National Telcom Corporation 12022 B++ A-
US: Vermont
- National Title Insurance of NY 12440 A- A
US: New York
- National Union Fire Ins Co 02351 A+ (u) A++ (u)
Pittsburgh PA
US: Pennsylvania
- National Union Fire Insurance Co 10725 A+ (u) A++ (u)
of LA
US: Louisiana
- New Hampshire Indemnity Company, 00577 A+ (u) A++ (u)
Inc
US: Pennsylvania
- New Hampshire Insurance Company 02363 A+ (u) A++ (u)
US: Pennsylvania
- New South Insurance Company 00698 A- A
US: North Carolina
+ North East Insurance Company 03108 B++ B+
US: Maine
Omaha Property and Casualty 01860 NR-5 A- (u)
Insurance Co
US: Nebraska
+ Pennsylvania Lumbermens Mutual 00756 A A-
Ins Co
US: Pennsylvania
- Security Union Title Insurance 11908 A- A
Company
US: California
- Starr Excess Liability Insurance 12244 A+ (u) A++ (u)
Co, Ltd
US: Delaware
- Ticor Title Ins Co of Florida 12063 A- A
US: Florida
- Ticor Title Insurance Company 11918 A- A
US: California
- TNUS Insurance Co 03643 A A+
US: New York
Ulico Indemnity Company 11329 NR-5 B-
US: Arkansas
New United Security Insurance Company 12989 A-
US: Colorado
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating placed under review
Ratings Under Review
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life/Health
U Health Net Insurance of 11825 B+ (u) B+
Connecticut Inc
US: Connecticut
U Health Net Insurance of New York 11859 B+ (u) B+
Inc
US: New York
U Health Net Life Insurance 06722 B++ (u) B++
Company
US: California
HMO
U Health Net Health Plan of Oregon 68947 B++ (u) B++
Inc
US: Oregon
U Health Net of Arizona Inc 68713 B++ (u) B++
US: Arizona
U Health Net of California Inc 68507 B++ (u) B++
US: California
U Health Net of Connecticut Inc 68520 B+ (u) B+
US: Connecticut
U Health Net of New Jersey Inc 64005 B+ (u) B+
US: New Jersey
U Health Net of New York Inc 68568 B+ (u) B+
US: New York
Property/Casualty
U 21st Century Casualty Company 10614 A+ (u) A+
US: California
U 21st Century Ins Co of the 11877 A+ (u) A+
Southwest
US: Texas
U 21st Century Insurance Company 03247 A+ (u) A+
US: California
U 21st Century Insurance Group 18004 A+ (u) A+
US: California
U Medical Protective Company 00591 A- (u) A-
US: Indiana
U Putnam Reinsurance Company 03727 A+ (u) A+
US: New York
U Transatlantic Holdings, Inc. 18128 A+ (u) A+
Group
US: New York
U Transatlantic Reinsurance 03126 A+ (u) A+
Company
US: New York
International
U Lloyd's Syndicate 1414 48930 A+ s (u) A+ s
United Kingdom
U Trans Re Zurich 86500 A+ (u) A+
Switzerland
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating placed 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 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 of an insurer's
financial strength and ability to meet 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 policyholders.
B++, B+ Very Good Assigned to companies that have, in our
opinion, a good ability to meet their ongoing
obligations to policyholders.
Vulnerable
B, B- Fair Assigned to companies that have, in our
opinion, a fair ability to meet their current
obligations to policyholders, but 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
current obligations to policyholders, but are
financially vulnerable to adverse changes in
underwriting and economic conditions.
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 poor ability to meet their current
obligations to policyholders and are
financially extremely vulnerable to adverse
changes in underwriting and economic
conditions.
E Under Assigned to companies (and possibly their
Regulatory subsidiaries/affiliates) that have been placed
Supervision by an insurance regulatory authority under a
significant form of supervision, 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 Assigned to companies that have been placed
Liquidation under an order of liquidation by a court of
law or whose owners have voluntarily 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 experienced
sudden and significant events affecting their
balance sheet strength or operating
performance whereby the 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) and 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.
Modifier Descriptor Definition
Rating Modifiers
u Under A modifier that generally is event-driven
Review (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 Data.
NR-2: Insufficient Size and/or Operating Experience.
NR-3: Rating Procedure Inapplicable.
NR-4: Company Request.
NR-5: Not Formally 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 will
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] 2005 by A.M. Best Company, Inc.
Version 121304
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