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Best's Rating Changes.

This summary of Best's Rating Changes lists life/health, property/casualty and international insurers, as well as health maintenance organizations, that had ratings assigned, changed or placed under review since this section last appeared in the September 2000 edition of Best's Review.

Best's Rating Changes is an abbreviated version of Best's Rating Monitor. Previously a stand-alone publication, Best's Rating Monitor is now a featured section in Best's Viewpoint, a publication available as a supplement to Best Week, A.M. Best Co.'s weekly news report.

Best's Rating Monitor contains a compilation 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 comprehensive ratings and company information, free of charge, visit 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 191. See page 30 for the Current Guide to Best's Ratings and the August 2000 edition of Best's Review for the Detailed Rating Definitions page.


For a complete explanation of Best's Ratings, please refer to the Preface of Best's Insurance Reports[R], Best's Key Rating Guide[R] or Best's Key Rating and Statistical Guide. 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.


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 and operating performance. The FPR represents an opinion based primarily on a quantitative evaluation of a company's financial strength and operating performance for companies that do not meet the minimum size and/or operating experience requirements for a Best's Rating.


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), Canadian insurers and UK insurers that meet the minimum size and operating experience requirements for a Best's Rating but 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. Affiliation Codes are based on a Group (g), Pooling (p) or Reinsurance (r) affiliation with other insurers.

Rating Modifiers

u - Under Review

q - Qualified

Affiliation Codes

g - Group

p - Pooled

r - Reinsured


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.


Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional reserve funds in millions of U.S. dollars, using the scale below. For additional information, refer to the Preface.

FSC I less than 1

FSC II 1 to 2

FSC III 2 to 5

FSC IV 5 to 10

FSC V 10 to 25

FSC VI 25 to 50

FSC VII 50 to 100

FSC VIII 100 to 250

FSC IX 250 to 500

FSC X 500 to 750

FSC XI 750 to 1,000

FSC XII 1,000 to 1,250

FSC XIII 1,250 to 1,500

FSC XIV 1,500 to 2,000

FSC XV greater than 2,000
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Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2000
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