FPIC Insurance Group, Inc. Reports That A. M. Best Has Re-affirmed its A- ,Excellent, Group Rating.Business Editors/Health & Medical Writers JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 23, 2000 FPIC FPIC First Professionals Insurance Company (Jacksonville, FL) FPIC Field Programmable Interconnect FPIC Federal Partnership for Interoperable Communications FPIC Field Programmable Interconnect Chip Insurance Group, Inc. (Nasdaq:FPIC) today reported that A. M. Best Company has re-affirmed its group rating of A- (Excellent). The 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. applies to each of the Company's four wholly owned insurance subsidiaries: Florida Physicians Insurance Company, Inc., Anesthesiologists Professional Assurance Company, Intermed Insurance Company and Interlex Insurance Company. John R. Byers, FPIC's President and Chief Executive Officer, stated, "We are pleased that A. M. Best has re-affirmed our A- rating, particularly in view of the difficult rating environment that currently exists in our sector, and the many changes FPIC has experienced over the last year. We visited with representatives of A.M. Best last month and reviewed our businesses and financials with them in detail, including our balance sheet, reserve adequacy and capital position. We also shared with them our accomplishments, our strong management team, and our vision, strategy and execution plans for the future. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , we re-emphasized our absolute commitment to maintain FPIC's financial strength. While we were confident that our financial strength merited the A- rating, we still view this re-affirmation as significant, and a strong indication that we are on the right track." FPIC Insurance Group, Inc., through its subsidiary companies, is a leading provider of professional liability insurance for physicians, dentists Dentists can refer to one of the following:
Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. . In addition, it provides management and administrative services to Physicians' Reciprocal Bilateral; two-sided; mutual; interchanged.Reciprocal obligations are duties owed by one individual to another and vice versa. A reciprocal contract is one in which the parties enter into mutual agreements. Insurers, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of medical professional liability insurance reciprocal, and third party administrative services both within and outside the healthcare industry. For all of your investor information needs please visit our company Web site: http//www.fpic.com. Electronic distribution of materials is now available. |
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