Best's rating changes.

This edition of Best's Rating Changes reflects all rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers domiciled in North America, as well as international insurance companies, since this section last appeared in the September 2005 edition of Best's Review.

See page 28 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

         Employers Life Insurance          68027   F             NR-5
         Corporation
         US: South Carolina

         KIPS Health Plans                 64627   NR-5             E
         US: Washington

--       National Life Insurance Company   07447   A-             A u
         US: Puerto Rico

         HMO

         Blue Cross & Blue                 64065   NR-5        B++ pd
         Shield of NC (HMO)
         US: North Carolina

         Health Alliance Medical           68984   NR-5            B+
         Plans Inc (HMO)
         US: Illinois

         Maine Partners Health Plan Inc    64394   NR-5             A
         US: Maine

         OmniCare Health Plan Inc          64435   E             NR-5
         US: Tennessee

         PersonalCare Insurance            68765   NR-5            B+
         of Illinois (HMO)
         US: Illinois

         Property/Casualty                                           4

+        ACE American Insurance Company    02257   A+               A
         US: Pennsylvania

+        ACE American Lloyds               04659   A+               A
         Insurance Company
         US: Texas

+        ACE American Pool                 18344   A+               A
         US: Pennsylvania

+        ACE Employers Insurance Company   02831   A+               A
         US: Pennsylvania

+        ACE Fire Underwriters             02109   A+               A
         Insurance Company
         US: Pennsylvania

+        ACE Indemnity Insurance Company   03368   A+               A
         US: Pennsylvania

+        ACE Insurance Company             10652   A+               A
         (Puerto Rico)
         US: Puerto Rico

+        ACE Insurance                     04376   A+               A
         Company of Illinois
         US: Illinois

+        ACE Insurance Company of Ohio     04837   A+               A
         US: Ohio

+        ACE Insurance Company of Texas    02261   A+               A
         US: Texas

+        ACE Insurance Company             04854   A+               A
         of the Midwest
         US: Indiana

+        ACE Property & Casualty           01996   A+               A
         Insurance Co
         US: Pennsylvania

+        ACE Westchester Specialty Group   18247   A+               A
         US: Pennsylvania

+        Allied Insurance Company          03805   A+               A
         US: California

+        Atlantic Employers                02670   A+               A
         Insurance Company
         US: New Jersey

+        Bankers Standard Fire and         02353   A+               A
         Marine Company
         US: Pennsylvania

+        Bankers Standard                  04333   A+               A
         Insurance Company
         US: Pennsylvania

         CPA Mutual Insurance Co           11319   NR-4             B
         of America RRG
         US: Vermont

New      Encompass Floridian               12711   B+            NR-2
         Indemnity Company
         US: Illinois

New      Encompass Floridian               12710   B+            NR-2
         Insurance Company
         US: Illinois

+        EULER American Credit             02097   A+               A
         Indemnity Company
         US: New York

+        Farm Bureau Mutual Ins            00353   A-             B++
         Co of AR, Inc
         US: Arkansas

+        Hermitage Insurance Company       01969   B++              B
         US: New York

+        Hermitage Insurance Group         18440   B++              B
         US: New York

+        Illinois Union                    03510   A+               A
         Insurance Company
         US: Illinois

+        INA Surplus Insurance Company     01973   A+               A
         US: Pennsylvania

+        Indemnity Insurance               01793   A+               A
         Company of N A
         US: Pennsylvania

+        Industrial Underwriters           02256   A+               A
         Insurance Co
         US: Texas

+        Insurance Company of              02259   A+               A
         North America
         US: Pennsylvania

+        Kodiak Insurance Company          10620   B+               B
         US: New Jersey

-        Nationwide Insurance              12238   B             B+ u
         Company of Florida
         US: Ohio

+        Pacific Employers                 02262   A+               A
         Insurance Company
         US: Pennsylvania

         Traders & Pacific                 01725   NR-5             A
         Insurance Company
         US: Delaware

-        Transguard Insurance Company
         of America                        00327   B u          B++ u
         US: Illinois

+        Westchester Fire                  02137   A+               A
         Insurance Company
         US: New York

+        Westchester Surplus Lines         04433   A+               A
         Insurance Co
         US: Georgia

+        Wisconsin Mutual                  03524   B++             B+
         Insurance Company
         US: Wisconsin

         International

New      HDI Industrie Versicherung AG     77779   A
         Germany

New      Luen Fung Hang Insurance          89625   A-            NR-5
         Company Limited
         Macau

Ratings Under Review

Rating                                       Current   Previous
Action   Company Name & Domicile     AMB#    Rating      Rating

         Life/Health

U        American Life               06084   B+ u            B+
         Insurance Co of NY
         US: New York

U        Jefferson National          06475   B+ u            B+
         Life Insurance Co
         US: Texas

U        Utica National Life         06446   B++ u          B++
         Insurance Company
         US: New York

         Property /Casualty

U        GeoVera Insurance Company   12075   A+ u            A+
         US: Maryland

U        Pacific Select Property     12042   A+ u            A+
         Insurance Co
         US: California

U        USF&G Specialty             11678   A+ u            A+
         Insurance Company
         US: Maryland

Rating Action: (+) or (-) Rating upgraded or downgraded; (New)
Assigned initial rating; (u) Rating placed under review