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Best's Rating Changes. (Ratings).

This summary of Best's Rating Changes includes U.S.-domiciled life, health-care and property/casualty insurers as well as international insurers that had ratings assigned, changed or placed under review since this section last appeared in the February 2002 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 19 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

Life

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

 AEGIS Insurance Corporation 66832 NR-3 B+ q
 Canada: Saskatchewan

+ Banner Life Insurance Company 06468 A++ A+
 US: Maryland

New Chase Life & Annuity Company 06851 A NR-2
 US: Ohio

New Chase Life & Annuity Company 60340 A NR-2
 of New York
 US: New York

 Concordia Life Insurance 08361 NR-3 A-
 Company
 Canada: Ontario

 General Life Insurance 60066 NR-5 A+
 Co of America
 US: Illinois

+ Homesteaders Life Company 06534 B++ B+
 US: Iowa

 Imperial Life Assurance 06544 NR-3 A-
 Company of CA
 Canada: Ontario

- Investors Insurance 06583 A A+ u
 Corporation
 US: Delaware

 Lutheran Brotherhood 06673 NR-3 A++
 US: Minnesota

- Medico Life Ins Co 07378 B B+
 US: Nebraska

 Milwaukee Life Insurance 06720 NR-5 B+
 Company
 US: Wisconsin

- Mutual Protective Ins Co 03150 B B+
 US: Nebraska

 North West Life Assurance 07277 NR-5 B+
 Co of America
 US: Washington

- Republic-Vanguard Life 06996 A A+ u
 Insurance Company
 US: Texas

 Royal & Sun Alliance 85669 NR-3 A
 Life CA
 US: California

- SCOR Life U.S. Re 06555 A A+ u
 Insurance Company
 US: Texas

 United Presidential Life 07184 NR-5 A- u
 Insurance Co
 US: Indiana

+ William Penn Life 06734 A++ A
 Insurance Co of NY
 US: New York

Health Care

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

 CIGNA Indiana Insurance 60062 NR-5 A-
 Company
 US: Indiana

 Healthsource HMO of New 68936 NR-5 A-
 York, Inc
 US: New York

 Humana HealthChicago, Inc 68537 NR-5 A-
 US: Delaware

 Humana Insurance Company 06251 NR-5 A-
 US: Missouri

New Medical One, Inc 64387 F D q
 US: Puerto Rico

 Prudential Health Care 68769 NR-5 A-
 Plan of NY
 US: New York

New Tennessee Coordinated 68942 F C++ q
 Care Network
 US: Tennessee

- Union Labor Life 07152 B+ B++ u
 Insurance Company
 US: Maryland

- World Insurance Company 07262 B+ B++
 US: Nebraska

Property/Casualty

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

- Allcity Insurance Company 02149 F D
 US: New York

- Allianz Insurance 86187 A A++
 Company of Canada
 Canada: Ontario

- American and Foreign 02430 A A+
 Insurance Company
 US: Delware

+ American General Property 18516 B+ B
 Group
 US: Tennessee

+ American General Property 04308 B+ B
 Ins Co of FL
 US: Florida

+ American General Property 02103 B+ B
 Insurance Co
 US: Tennessee

+ Apollo Casualty Company 11809 B- C++
 US: Illinois

New Association Insurance 01913 A- NR-1
 Company
 US: Georgia

- Atlantic Indemnity Company 11038 A A+
 US: North Carolina

- Atlantic Security Insurance 11330 A A+
 Company
 US: North Carolina

New Barnstable County Insurance 02896 A NR-3
 Company
 US: Massachussetts

New Builders Insurance (a 12026 A- NR-1
 Mutual Captive Co)
 US: Georgia

New Builders Insurance Group 18563 A-
 US: Georgia

- Carolina American 02043 A A+
 Insurance Company
 US: South Carolina

+ Chicago Motor Club 00254 A A-
 Insurance Company
 US: Illinois

- Commercial Risk Re- 11378 A A+ u
 Insurance Company
 US: Vermont

New Compania de Fianzas de 11446 B NR-5
 Puerto Rico
 US: Puerto Rico

- Connecticut Indemnity 02454 A A+
 Company
 US: Connecticut

- Connecticut Specialty 01916 A A+
 Insurance Company
 US: Connecticut

New Consumers Insurance 11775 B NR-2
 USA, Inc
 US: Tennessee

+ Delta Lloyds Ins Co of Houston 04476 A- B++
 of TX
 US: Texas

- Design Professionals 04467 A A++
 Insurance Company
 US: Connecticut

- EBI Indemnity Company 01881 A A++
 US: Connecticut

- Empire Insurance Company 02150 F D
 US: New York

- Empire Insurance Group 18152 F D
 US: New York

- Employee Benefits 03625 A A+
 Insurance Company
 US: Connecticut

- F & C Insurance Company of CT 02455 A A+
 US: Connecticut

+ Farmers Insurance Company of 04489 B++ B+
 Flemington
 US: New Jersey

 First Maxifield Mutual 10205 NR-4 A-
 Insurance Assn
 US: Iowa

+ First Nonprofit Mutual 10856 A- B++
 Insurance Company
 US: Illinois

- General Secur P & C Co 03129 A A+ u
 US: New York

- General Security Indemnity 03845 A A+ u
 Company
 US: New York

- General Security Insurance 11353 A A+ u
 Company
 US: New York

 Global Insurance Company 10608 NR-5 E
 US: Georgia

- Globe Indemnity Company 02432 A A+
 US: Delaware

New Grange Insurance Company of 12470 A
 Michigan
 US: Michigan

- Great States Insurance 10706 F E
 Company
 US: California

- Guaranty National Insurance 00443 A A+
 Company
 US: Colorado

- Guaranty National Insurance 11658 A A+
 Company
 US: Connecticut

- Health Care Insurance Company 03671 NR-5 B++
 US: New Jersey

- HIH America Comp & 02917 F E
 Liab Ins Co
 US: California

- HIH America Ins Co of Hawali 12004 F E
 US: Hawaii

+ Integrity Mutual Insurance 00516 A B+
 Company
 US: Wisconsin

- Landmark American Insurance 03688 A A+
 Company
 US: Oklahoma

New Lyndon Property Group 18571 A-
 US: Minnesota

New NAU Country Insurance Company 11098 B++ NR-2
 US: Minnesota

 Olympus Insurance Company 11879 NR-4 B++
 US: Texas

+ Palisades Group 18426 B++ B+
 US: New Jersey

+ Palisades Safety and 11380 B++ B+
 Insurance Assn
 US: New Jersey

- Peak P & C Ins Corp 11414 A A+
 US: Colorado

- Phoenix Assurance Company of 02400 A A+
 New York
 US: New Hampshire

+ Piedmont Mutual Insurance 11575 B- C++
 Company
 US: North Carolina

- Prime Insurance Syndicate 11306 C+ B-
 Incorporated
 US: Illinois

 Princeton Insurance Companies 05650 NR-5 B++
 US: New Jersey

New Progressive Auto Pro 11758 A+ NR-3
 Insurance Company
 US: Florida

New Progressive Home 12462 A+
 Underwriters Ins Co
 US: Texas

- Quebec Assurance Company 85784 A A+
 Canada: Ontario

 Republic Insurance Company 02421 NR-3 B+
 US: Texas

- Royal & Sun Alliance Ins Co 85785 A A+
 of Canada
 Canada: Ontario

- Royal & Sun Alliance Ins 86191 A A+
 Pool of Canada
 Canada: Ontario

- Royal & SunAlliance USA 18566 A A+
 Insurance Pool
 US: North Carolina

- Royal Indemnity Company 02438 A A+
 US: Delaware

- Royal Insurance Company 02437 A A+
 of America
 US: Illinois

- Safeguard Insurance Company 02440 A A+
 US: Connecticut

- SCOR Canada Reinsurance 85445 A A+ u
 Company
 Canada: Ontario

- SCOR Reinsurance Company 03599 A A+ u
 US: New York

- SCOR U S Group 03873 A A+ u
 US: New York

- See Insurance Company 02094 A A+
 of America
 US: New York

- Security Insurance Company 02457 A A+
 of Hartford
 US: Connecticut

+ Specialty Risk Insurance 11088 A+ B+
 Company
 US: Tennessee

- State Farm General Insurance 02478 B+ A-
 Company
 US: Illinois

- Statewide Insurance Company 02589 B- A-
 US: Illinois

- Trafalgar Insurance Company 86189 A A++
 of Canada
 Canada: Ontario

- Unifund Assurance Company 86836 A A+
 Canada: Newfoundland

- Unisouce Insurance Company 11102 F E
 US: Florida

- Unisun Insurance Company 02042 A A+
 US: South Carolina

+ United States Surety Company 12009 B++ B+
 US: Maryland

- Viking Insurance Company 04410 A A+
 of Wisconsin
 US: Colorado

- Warner Insurance Company 02028 B++ Au
 US: Illinois

- Western Assurance Company 85958 A A+
 Canada: Ontario

International

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

 AXA General Insurance Limited 85550 B+ pd NR-5
 United Kingdom

 AXA Insurance UK plc 86845 B+ pd NR-5
 United Kingdom

 Bankers Insurance Company 87227 B- pd B- q
 Limited
 United Kingdom

 British Aviation Ins Co Ltd 86166 B pd B+ q
 United Kingdom

 Budget Insurance Company 87261 NR-5 B q
 Limited
 United Kingdom

 CGNU Life Assurance Limited 85266 A-pd A- q
 United Kingdom

 Churchill Insurance Company 87274 B++ pd B++ q
 Limited
 United Kingdom

-- Commercial Risk Reinsurance 86514 A A+ u
 Company Ltd
 Bermuda

New Credit & General Insurance 86476 A FPR 7
 Limited
 New Zealand

 Cumberland Insurance Company 87308 B++ pd B+ q
 Limited
 United Kingdom

 DBI Insurance Company Limited 87311 B pd B+ q
 United Kingdom

 Dowa Insurance Company 87321 NR-5 B++ q
 (Europe) Limited
 United Kingdom

New Electro Re SA 56699 A-
 Luxembourg

New Endurance Specialty Insurance 84835 A-
 Ltd
 Bermuda

 Europ Assistance Insurance 87338 B+ pd B++ q
 Limited
 United Kingdom

 Financial Insurance Company 85812 B++ pd B++ q
 Limited
 United Kingdom

 Folksam International Ins 85034 NR-5 A- u
 Co Ltd
 Sweden

 Folksam International Ins 86962 NR-5 A- u
 Co Ltd SGB
 Singapore

 Friends' Provident Life Office 85574 NR-5 A- q
 United Kingdom

-- Globe Insurance Company 87366 A A+
 Limited
 United Kingdom

New GoshawK Reinsurance Limited 84802 A-
 Bermuda

New Grand Central Re Limited 84186 A
 Bermuda

 Guardian Insurance Group 86091 B+ pd A
 United Kingdom

New Hang Seng Life Limited 84723 A+
 Hong Kong

New HSBC Life (International) 72362 A+
 Limited
 Bermuda

New HSBC Medical Insurance Limited 84721 A+
 Hong Kong

 International Casualty & 86523 F S
 Surety Co Ltd
 New Zealand

 Kyoei Fire and Marine Ins Co 87414 NR-5 B+ q
 (UK) Ltd
 United Kingdom

New Legal & General Life Asr 84837 A++
 Long-Term Fund
 United Kingdom

-- London Assurance 85106 A A+
 United Kingdom

-- London Assurance JPB 87814 A A+
 Japan

 London General Insurance 87438 B pd NR-5
 Company Ltd
 United Kingdom

 Methodist Insurance PLC 87458 NR-5 B+ q
 United Kingdom

 Nippon Fire & Marine 85388 NR-5 A+
 Insurance Co Ltd
 Japan

 Nipponkoa Insurance Company 87412 NR-5 B++ q
 (Europe) Ltd
 United Kingtom

 Norwich Union Annuity Limited 87492 B++ pd A- q
 United Kingdom

 Norwich Union Life & Pensions 86137 A- pd A- q
 Ltd
 United Kingdom

 Norwich Union Linked Life 85265 B++ pd A- q
 Assurance Ltd
 United Kingdom

 Personal Assurance plc 87517 NR-5 B++ q
 United Kingdom

 Pharmacy Mutual Insurance 87520 NR-5 B++ q
 Company Ltd
 United Kingdom

 Pinnacle Insurance plc 87523 B++ pd B++ q
 United Kingdom

-- Royal & Sun Alliance 85662 A A+
 Insurance Group plc
 United Kingdom

-- Royal & Sun Alliance 86257 A A+
 Insurance plc
 United Kingdom

-- Royal & Sun Alliance 87815 A A+
 Insurance plc JPB
 Japan

-- Royal & Sun Alliance 85187 A A+
 Reinsurane Limited
 United Kingdom

 Samsung Insurance Company of 87572 NR-5 B++ q
 Europe Ltd
 United Kingtom

-- SCOR 85027 A A+ u
 France

-- SCOR Asia-Pacific Pte Ltd 86117 A A+ u
 Singapore

-- SCOR Deutschland 85312 A A+ u
 Germany

-- SCOR Group 86155 A A+ u
 France

-- SCOR Italia Riassicurazioni 85232 A A+ u
 Italy

-- SCOR UK Compnay Ltd 85448 A A+ u
 United Kingdom

 Sorema (Consolidated) 86601 NR-3 A u
 France

 Sorema S.A. 85621 NR-3 A u
 France

-- Sun Alliance and London 86222 A A+
 Insurance plc
 United Kingdom

-- Sun Insurance Office Limited 85108 A A+
 United Kingdom

New Wing Lung Insurance Company 84822 A-
 Limited
 Hong Kong
Ratings Under Review

Life

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

Life
U American Skandia Life 08715 A u A
 Assurance Corp
 US: Connecticut

Health Care
U Methodist Care, Inc 64240 B++ u B++
 US: Texas

Property/Casualty
U Harleysville-Garden State 11244 A- u A-
 Insurance Co
 US: New Jesey

U Underwriters Insurance 11671 A++ u A++
 Company
 US: Nebraska

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 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 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 your request, please provide the company's identification number (AMB #).

* All rating actions are published in the Rating Monitor section of Best Week (R). Selected rating changes and new ratings are published in Best's Review (R) (our monthly magazine).

BEST'S RATINGS AND FINANCIAL PERFORMANCE RATINGS (FPR)

A.M. Best assigns 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 and qualitative 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 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

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

Secure FPR Ratings

FPR 9 Very Strong
FPR 8 and 7 Strong
FPR 6 and 5 Good

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 change. Qualified (q) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs) and Canadian insurers that do not subscribe to our interactive rating process. Best's Qualified Ratings are therefore based primarily on a quantitative analysis 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 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 (s) Rating Modifiers are assigned to syndicates operating at Lloyd's
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)

Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional reserve funds. For information, refer to the Preface.

Best's Ratings are proprietary and may not be reproduced without permission.
COPYRIGHT 2002 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
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Title Annotation:U.S. health, life, and property insurance
Comment:Best's Rating Changes. (Ratings).(U.S. health, life, and property insurance)
Publication:Best's Review
Article Type:Statistical Data Included
Geographic Code:1USA
Date:Mar 1, 2002
Words:2408
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