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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/casually insurers as well as international insurers that had ratings assigned, changed or placed under review since this section last appeared in the May 2003 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

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

Life

 All American Life 06015 NR-5 A+
 Insurance Company
 US: Illinois

+ Allmerica Financial 08491 B- C++ u
 Life Ins & Ann Co
 US: Massachusetts

 American Franklin Life 09061 NR-5 A+
 Insurance Co
 US: Illinois

 American General Life 06898 NR-5 A+
 Insurance Co of NY
 US: New York

 American General Life 07024 NR-5 A+
 Insurance Co of PA
 US: Pennsylvania

 American Slovenian 09876 NR-5 B+
 Catholic Union
 US: Illinois

- Colonial Life & 06238 A- u A u
 Accident Insurance Co
 US: South Carolina

 Croatian Fraternal Union 06298 NR-5 B-
 of America
 US: Pennsylvania

- Educators Mutual Life 06325 B++ A-
 Insurance Company
 US: Pennsylvania

- Erie Family Life 07276 A A+
 Insurance Company
 US: Pennsylvania

+ First Allmerica Financial 07086 B- C++ u
 Life Ins Co
 US: Massachusetts

- First Unum Life Insurance 06514 A- u A u
 Company
 US: New York

 Franklin Life Insurance 06430 NR-5 A+
 Company
 US: Illinois

- Kanawha Insurance Company 06604 A- A
 US: South Carolina

 Medco Containment Insurance 10747 NR-3 A-
 Co of NY
 US: New York

 Order of Sons of Hermann 68030 NR-5 B+
 in TX
 US: Texas

- Paul Revere Life Insurance 06899 A- u A u
 Company
 US: Massachusetts

- Paul Revere Variable 06900 A- u A u
 Annuity Ins Co
 US: Massachusetts

- Provident Life and Accident 06968 A- u A u
 Insurance Co
 US: Tennessee

- Provident Life and Casualty 06969 A- u A u
 Insurance Co
 US: Tennessee

- Sage Life Assurance of 09059 B++ u A-
 America Inc
 US: Delaware

New Securian Life Insurance Company 09064 A+ NR-5
 US: Minnesota

- Unum Life Insurance Company 06256 A- u A u
 of America
 US: Maine

 Western Fraternal Life 07225 NR-5 B++
 Association
 US: Iowa

Health
Maintenance
Organization

+ Altius Health Plans 68616 C pd C-pd
 US: Utah

 Avera Health Plans Inc 64515 C++ pd NR-5
 US: South Dakota

 Beacon Health Plans Inc 64113 NR-5 C-pd
 US: Florida

+ Cariten Health Plan Inc 64425 B pd B- pd
 US: Tennessee

+ Carolina Care Plan Inc 68944 B pd B- pd
 US: South Carolina

+ ConnectiCare Inc 68517 B+ pd B pd
 US: Connecticut

+ County of Los Angeles 68680 C+ pd C pd
 US: California

 FirstCarolinaCare Inc 64268 B pd NR-5
 US: North Carolina

 Free State Health Plan Inc 68845 NR-5 C+ pd
 US: Maryland

+ Good Health HMO Inc 68956 B pd B- pd
 US: Missouri

- Group Health Cooperative 64044 B- pd B pd
 of Puget Sound
 US: Washington

 Medical Center Health Plan 64185 NR-5 C pd
 US: Missouri

+ OPTIMA Health Plan 68821 B- pd C++ pd
 US: Virginia

+ PHN-HMO Inc 64295 C pd C- pd
 US: Maryland

- Preferred Plus of Kansas Inc 68937 C++ pd B pd
 US: Kansas

 San Francisco Health Plan 64582 B pd NR-5
 US: California

 Scan Health Plan 60187 C pd NR-5
 US: California

+ Sentara Health Plans Inc 68940 B+ pd B pd
 US: Virginia

- SummaCare Inc 60143 B-pd B pd
 US: Ohio

Property/
Casualty


- Allianz Insurance Company 00407 A A+
 US: California

- Allianz Insurance Group 03887 A A+
 US: California

- Allianz Underwriters 02618 A A+
 Insurance Company
 US: California

+ American Compensation 11419 B B-
 Insurance Company
 US: Minnesota

New American Freedom Insurance 12271 B+ NR-1
 Company
 US: Illinois

+ American Hallmark Insurance 01728 B- C+
 Co of TX
 US: Texas

- Argus Fire & Casualty 11757 C+ B-
 Insurance Company
 US: Florida

New ASure Worldwide Insurance 12555 A+
 Company
 US: Michigan

 California Insurance Company 02637 NR-5 A-
 US: California

- CBIA Comp. Services, Inc. 75458 B B+
 US: Connecticut

+ Cities and Villages 10661 A A-
 Mutual Insurance Co
 US: Wisconsin

- Colorado Farm Bureau 00278 B++ A-
 Mutual Insurance Co
 US: Colorado

- Commercial Casualty 11059 C- B u
 Insurance Co of NC
 US: North Carolina

 Comstock Insurance Company 02590 NR-5 E
 US: California

- Danielson Insurance Company 11350 B B++
 US: California

- Danielson National Insurance 11351 B B++
 Company
 US: California

- Delta Insurance Services Group 18433 C- B u
 US: Georgia

- DHC Group 18227 B B++
 US: California

 Empire Insurance Group 18152 NR-5 F
 US: New York

- Erie Insurance Company 04272 A+ A++
 US: Pennsylvania

- Erie Insurance Company of 02890 A+ A++
 New York
 US: New York

- Erie Insurance Exchange 00348 A+ A++
 US: Pennsylvania

- Erie Insurance Group 04283 A+ A++
 US: Pennsylvania

- Erie Insurance Property 11406 A+ A++
 & Casualty Co
 US: Pennsylvania

- Farmers Mutual Insurance 03523 E B-
 Company (WV)
 US: West Virginia

+ First Guard Insurance 12082 A- B++
 Company
 US: Arizona

New First Sealord Surety, Inc. 12586 A-
 US: Pennsylvania

- Flagship City Insurance 11314 A+ A++
 Company
 US: Pennsylvania

- Georgia Mutual Insurance 04051 C- B u
 A Stock Company
 US: Georgia

+ Gramercy Insurance Company 02722 B+ B
 US: Texas

 Grange Mutual Insurance 00423 NR-5 A
 Company (NH)
 US: New Hampshire

 Gulf Guaranty Insurance Company 11128 NR-4 B+
 US: Mississippi

- Hereford Insurance Company 02494 C+ B-
 US: New York

- ISMIE Mutual Insurance Company 03757 B+ B++
 US: Illinois

 Midwest Casualty Insurance 11223 NR-5 B-
 Company
 US: North Dakota

 Mountbatten Surety Company, Inc 11472 NR-5 A
 US: Pennsylvania

- National American Insurance 03105 B B++
 Co of CA
 US: California

New National Continental Insurance 00547 A NR-3
 Company
 US: New York

+ Phoenix Indemnity Insurance 10612 B- D u
 Company
 US: Arizona

New Producers Agriculture 12485 B++ NR-3
 Insurance Company
 US: Texas

New Producers Agriculture 18575 B++
 Insurance Group
 US: Texas

New Producers Lloyds Insurance 02729 B++ NR-3
 Company
 US: Texas

New Safe Insurance Company 11614 B+ NR-5
 US: West Virginia

 St Paul Insurance Company 04871 NR-5 A
 of IL
 US: Illinois

 St Paul Property & Casualty 01702 NR-5 A
 Insurance Co
 US: Nebraska

 Trenwick America Reinsurance 03747 NR-4 C u
 Corporation
 US: Connecticut

 Unisource Insurance Company 11102 NR-5 F
 US: Florida

- United Automobile 10781 C+ B-
 Insurance Company
 US: Florida

- United Automobile 18415 C+ B-
 Insurance Group
 US: Florida

New Unitrin Advantage Insurance 12163 A NR-3
 Company
 US: New York

+ Wisconsin Municipal Mutual 10683 A A-
 Insurance Co
 US: Wisconsin

International

- AGF Group 85129 A+ A++ u
 France

- Underwriter Insurance 87115 B++ A- u
 Company Limited
 United Kingdom

Rating Action: (+) or (-) Rating upgraded or downgraded;

(New) Assigned initial rating;

(u) Rating placed under review

Ratings Under Review

Life/Health

Rating Current
Action Company Name & Domicile AMB# Rating

U Allianz Life Insurance Co of NA 06830 A+ u
 US: Minnesota

U Allianz Life Insurance Co of New 09417 A+ u
 York
 US: New York

U GuideOne Life Insurance Company 06945 A- u
 US: Iowa

U Hannover Life Reassurance Co of 68031 A u
 America
 US: Florida

Property/Casualty

U Insurance Corporation of 02643 A+ u
 Hannover
 US: Illinois

International

U E+S Reinsurance (Ireland) Ltd 86580 A+ u
 Ireland

U E+S Rueckversicherungs-AG 85064 A+ u
 Germany

U Hannover Life Reassurance 84133 A+ u
 (Ireland) Ltd
 Ireland

U Hannover Reinsurance (Ireland) 86581 A+ u
 Limited
 Ireland

U Hannover Rueckversicherungs-AG 84092 A+ u
 Germany

U Hannover Rueckversicherungs-AG 85070 A+ u
 Germany

U HDI Haftpflichtverband Deutsch 85068 A+ u
 Industrie
 Germany

U HDI Reinsurance (Ireland) 86922 A+ u
 Limited Ireland

Rating Previous
Action Company Name & Domicile Rating

U Allianz Life Insurance Co of NA A+
 US: Minnesota

U Allianz Life Insurance Co of New A+
 York
 US: New York

U GuideOne Life Insurance Company A-
 US: Iowa

U Hannover Life Reassurance Co of A
 America
 US: Florida

Property/Casualty

U Insurance Corporation of A+
 Hannover
 US: Illinois

International

U E+S Reinsurance (Ireland) Ltd A+
 Ireland

U E+S Rueckversicherungs-AG A+
 Germany

U Hannover Life Reassurance A+
 (Ireland) Ltd
 Ireland

U Hannover Reinsurance (Ireland) A+
 Limited
 Ireland

U Hannover Rueckversicherungs-AG A+
 Germany

U Hannover Rueckversicherungs-AG A+
 Germany

U HDI Haftpflichtverband Deutsch A+
 Industrie
 Germany

U HDI Reinsurance (Ireland) A+
 Limited Ireland

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

AM, Best ratings (A++ to F) are assigned to insurance companies that subscribe to our interactive rating service. 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.
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


RATING MODIFIERS

Under Review (u) Rating Modifiers are assigned to Best's Ratings to identify companies whose rating opinions are Under Review and may be subject to near-term change.

Syndicate (s) Rating Modifiers are assigned to syndicates operating at Lloyd's.

Best's Public Data (pd) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs), Canadian, 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.
NOT RATED CATEGORIES (NR)

Companies not assigned a Best's Rating 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.

Version 061802
COPYRIGHT 2003 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Best's Review
Geographic Code:1USA
Date:Jun 1, 2003
Words:1802
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