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Best's rating changes.

This summary of Best's Rating Changes includes life, health-care and property/casualty insurers domiciled in North America, as well as international insurers that had ratings assigned, changed or placed under review since this section last appeared in the August 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 18 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
Action Company Name & Domicile AMB# Rating

 Life

- First Great-West L & A Ins Co 60244 A+
 US: New York

- Great-West Life & Annuity Insurance Co 06981 A+
 US: Colorado

- Great-West Life Assurance Company 06493 A+
 Canada: Manitoba

 IL Annuity and Insurance Company 07407 NR-5
 US: Kansas

- London Life Insurance Company 06667 A+
 Canada: Ontario

 HMO

 Care 1st Health Plan Inc 64143 C++ pd
 US: California

 Carilion Health Plans Inc 64438 C+ pd
 US: Virginia

- Heritage Provider Network Inc 64580 C+ pd
 US: California

- Kaiser Fdn Hlth PI Mid-Atlantic States 68551 C++ pd
 US: Maryland

- Kaiser Foundation Health Plan Inc 64585 B pd
 US: California

- Kaiser Foundation Health Plan of CO 68516 B pd
 US: Colorado

 Managed Health Inc 64346 C++ pd
 US: New York

 New West Health Services 64398 C++ pd
 US: Montana

- One Health Plan of California Inc 64023 A
 US: California

- One Health Plan of Colorado Inc 64024 A
 US: Colorado

- One Health Plan of Georgia Inc 64025 A
 US: Georgia

- One Health Plan of Illinois Inc 64026 A
 US: Illinois

- One Health Plan of Texas Inc 64027 A
 US: Texas

+ PreferredOne Community Health Plan 64054 B++ pd
 US: Minnesota

 PrimeCare Medical Network Inc 64659 C+ pd
 US: California

+ Rochester Area Health Maintenance Org 64296 B pd
 US: New York

+ San Mateo Health Commission 64575 C++ pd
 US: California

 Santa Barbara Regional Health Authority 64710 C pd
 US: California

 Santa Cruz-Monterey Managed Medical Care 64656 B- pd
 US: California

New Wellness Plan 68623 E
 US: Michigan

 Property/Casualty

 American Agri-Business Insurance Company 03175 NR-5
 US: Iowa

 American Feed Group 18351 NR-5
 US: Iowa

 Fidelity Excess and Surplus Insurance Co 00245 NR-5
 US: Ohio

+ GCAN Insurance Company 85749 A
 Canada: Ontario

 ING Western Union Insurance Company 85806 NR-5
 Canada: Alberta

New James River Insurance Company 12604 A-
 US: Ohio

 Lion Insurance Company 12287 NR-5
 US: Florida

New Nichido Insurance Company (Pacific) Ltd 12553 A+
 US: Guam

New Underwriters Reinsurance Company 12603 A
 US: New Hampshire

- Wasatch Crest Mutual Insurance Company 10111 E
 US: Utah

 Western Specialty Insurance Company 10630 NR-5
 US: Illinois

 White Hall Mutual Insurance Company 02566 F
 US: Pennsylvania

 International

New Alea Group 51009 A-
 Bermuda

- Canada Life International Re Limited 84304 A
 Ireland

New Infrassure Ltd 83983 B++
 Switzerland

- Lloyd's Syndicate 102 47762 A- s
 United Kingdom

New Ocaso, S.A. Seguros y Reaseguros 85823 A+
 Spain

New Transmonde Services Insurance Co Ltd 56115 A-
 Bermuda

 Underwriter Insurance Company Limited * 87115 NR-3
 United Kingdom

New W R Berkley Insurance (Europe) Ltd 83829 A
 United Kingdom

Rating Previous
Action Company Name & Domicile Rating

 Life

- First Great-West L & A Ins Co A++ u
 US: New York

- Great-West Life & Annuity Insurance Co A++ u
 US: Colorado

- Great-West Life Assurance Company A++ u
 Canada: Manitoba

 IL Annuity and Insurance Company A-
 US: Kansas

- London Life Insurance Company A++ u
 Canada: Ontario

 HMO

 Care 1st Health Plan Inc NR-5
 US: California

 Carilion Health Plans Inc NR-5
 US: Virginia

- Heritage Provider Network Inc C++ pd
 US: California

- Kaiser Fdn Hlth PI Mid-Atlantic States B- pd
 US: Maryland

- Kaiser Foundation Health Plan Inc B+ pd
 US: California

- Kaiser Foundation Health Plan of CO B+ pd
 US: Colorado

 Managed Health Inc NR-5
 US: New York

 New West Health Services NR-5
 US: Montana

- One Health Plan of California Inc A+ u
 US: California

- One Health Plan of Colorado Inc A+ u
 US: Colorado

- One Health Plan of Georgia Inc A+ u
 US: Georgia

- One Health Plan of Illinois Inc A+ u
 US: Illinois

- One Health Plan of Texas Inc A+ u
 US: Texas

+ PreferredOne Community Health Plan B+ pd
 US: Minnesota

 PrimeCare Medical Network Inc NR-5
 US: California

+ Rochester Area Health Maintenance Org B- pd
 US: New York

+ San Mateo Health Commission C+ pd
 US: California

 Santa Barbara Regional Health Authority NR-5
 US: California

 Santa Cruz-Monterey Managed Medical Care NR-5
 US: California

New Wellness Plan C- pd
 US: Michigan

 Property/Casualty

 American Agri-Business Insurance Company B++
 US: Iowa

 American Feed Group B++
 US: Iowa

 Fidelity Excess and Surplus Insurance Co A
 US: Ohio

+ GCAN Insurance Company A- u
 Canada: Ontario

 ING Western Union Insurance Company A+
 Canada: Alberta

New James River Insurance Company
 US: Ohio

 Lion Insurance Company A
 US: Florida

New Nichido Insurance Company (Pacific) Ltd NR-1
 US: Guam

New Underwriters Reinsurance Company
 US: New Hampshire

- Wasatch Crest Mutual Insurance Company C++
 US: Utah

 Western Specialty Insurance Company F
 US: Illinois

 White Hall Mutual Insurance Company NR-1
 US: Pennsylvania

 International

New Alea Group
 Bermuda

- Canada Life International Re Limited A+
 Ireland

New Infrassure Ltd
 Switzerland

- Lloyd's Syndicate 102 A s
 United Kingdom

New Ocaso, S.A. Seguros y Reaseguros NR-5
 Spain

New Transmonde Services Insurance Co Ltd
 Bermuda

 Underwriter Insurance Company Limited * B
 United Kingdom

New W R Berkley Insurance (Europe) Ltd
 United Kingdom

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

Ratings Under Review

Rating Current
Action Company Name & Domicile AMB# Rating

 Life

U Canada Life Insurance Co of Puerto Rico 60378 A+ u
 US: Puerto Rico

U Chesapeake Life Insurance Company 06215 A- u
 US: Oklahoma

U MEGA Life and Health Insurance Co 09190 A- u
 US: Oklahoma

U Mid-West National Life Ins Co of TN 06715 A- u
 US: Tennessee

U Protected Home Mutual Life Insurance Co 06961 B u
 US: Pennsylvania

 Property/Casualty

U Iowa American Insurance Company 03603 B u
 US: Iowa

U Iowa Mutual Group 03907 B u
 US: Iowa

U Iowa Mutual Insurance Company 00528 B u
 US: Iowa

Rating Previous
Action Company Name & Domicile Rating

 Life

U Canada Life Insurance Co of Puerto Rico A+
 US: Puerto Rico

U Chesapeake Life Insurance Company A-
 US: Oklahoma

U MEGA Life and Health Insurance Co A-
 US: Oklahoma

U Mid-West National Life Ins Co of TN A-
 US: Tennessee

U Protected Home Mutual Life Insurance Co B
 US: Pennsylvania

 Property/Casualty

U Iowa American Insurance Company B
 US: Iowa

U Iowa Mutual Group B
 US: Iowa

U Iowa Mutual Insurance Company B
 US: Iowa

* Rating was downgraded to B from B+ on July 15, 2003, prior to its
present NR-3 rating

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] of Best's Key Rating Guide[R], Best's Ratings reflect our opinion of a company's financial strength and ability to meet its ongoing 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 ate published in the Rating Monitor section of BestWeek[R], Selected rating changes and new ratings are published in Best's RevieW[R] (our monthly magazine).

BEEPS RATINGS

A.M. 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 letter-rated (A++ through D) insurance companies and reflects their size based on their capital, surplus and conditional reserve funds. For information, refer to the Preface.

Best's Ratings ate proprietary and may not be reproduced without permission.

Version 061603
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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Title Annotation:Ratings
Publication:Best's Review
Geographic Code:1USA
Date:Sep 1, 2003
Words:1555
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