Best's rating changes.
Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in BestWeek, our weekly insurance industry newsletter. See page 14 for the current Guide to Best's Financial Strength Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/guide.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 Pre- Rating Current vious Action Company Name & Domicile AMB# Rating Rating Life/Health American Financial 07111 NR-5 g Security Life Ins Co US: Missouri + American Skandia Life 08715 A+ A Assurance Corp US: Connecticut + Blue Cross Blue Shield of Wisconsin 64315 B++ B+ u US: Wisconsin Columbia Universal Life 09400 NR-3 A+ Insurance Co US: Texas - Continental Assurance Company 06280 A- A US: Illinois Delta Dental of Delaware 64642 NR-2 B+ US: Delaware Delta Dental of District 64672 NR-2 B+ of Columbia US: Dist. Of Columbia Delta Dental of West Virginia 64643 NR-2 B+ US: West Virginia Guarantee Reserve Life 06502 NR-5 A- Insurance Company US: Indiana - Guaranty Income Life 06504 B B+ u Insurance Company US: Louisiana - Harleysville Life Insurance Company 06517 B++ A- US: Pennsylvania Keystone State Life 08960 NR-3 B+ Insurance Company US: Pennsylvania New MAMSI Life and Health 06046 A- NR-5 Insurance Company US: Maryland - Minnesota Life Insurance Company 06724 A+ A++ US: Minnesota + Pruco Life Insurance Co of NJ 09371 A+ A US: New Jersey + Pruco Life Insurance Company 08240 A+ A US: Arizona + Prudential Insurance Co of America 06974 A+ A US: New Jersey - Regence BlueCross 60074 B++ A- BlueShield of Oregon US: Oregon - Regence Life and Health 09345 B++ A- Insurance Co US: Oregon New S USA Life Insurance Company Inc 60110 A- NR-3 US: Arizona - Securian Life Insurance Company 09064 A A+ US: Minnesota Surety Life Insurance Company 07109 NR-3 A+ US: Nebraska + United Heartland Life 60054 B++ B+ u Insurance Company US: Wisconsin Universe Life Insurance Company 07205 NR-5 F US: Idaho New WA Security Insurance Company 12651 A- US: Dist. Of Columbia + World Insurance Company 07262 B++ B+ US: Nebraska HMO + Compcare Health Services Ins Corp 68610 B++ B+ u US: Wisconsin New MD-Individual Practice 68606 A- B pd Association Inc US: Maryland New Optimum Choice Inc 68764 A- B pd US: Maryland New Optimum Choice of the Carolinas Inc 64030 A- C+ pd US: North Carolina - Regence Health 68584 B++ A- Maintenance of Oregon US: Oregon - Regence HMO Oregon 68583 B++ A- US: Oregon + Unity Health Plans 68781 B++ B+ u Insurance Corporation US: Wisconsin + Valley Health Plan Inc 68825 B++ B+ u US: Wisconsin Watts Health Foundation Inc 64151 NR-5 E US: California Property/Casualty New Alea North America Specialty Ins Co 11432 A- NR-5 US: Delaware + Bristol West Casualty 12404 B+ B Insurance Company US: Ohio + Bristol West Insurance Company 12461 B+ B US: Pennsylvania New Bristol West Insurance Group 18131 B+ US: Florida - Claremont Liability 10653 A- A Insurance Company US: California Coast National Group 18545 NR-5 B US: Florida + Coast National Insurance Company 00177 B+ B US: California - Farmers Mutual Fire Ins 04736 B B+ Co of Dug Hill US: Maryland - Harleysville Insurance 03916 A- A US: Pennsylvania - Harleysville Insurance Co of NJ 01921 A- A US: New Jersey - Harleysville Insurance Company 00643 A- A US: Minnesota - Harleysville Insurance 03656 A- A Company of NY US: New York - Harleysville Insurance 11668 A- A Company of OH US: Ohio - Harleysville Lake States 00603 A- A Insurance Co US: Michigan - Harleysville Mutual 00462 A- A Insurance Company US: Pennsylvania - Harleysville Pennland 11087 A- A Insurance Company US: Pennsylvania - Harleysville Preferred 03779 A- A Insurance Company US: Pennsylvania - Harleysville Worcester 02483 A- A Insurance Company US: Massachusetts - Harleysville-Atlantic 00176 A- A Insurance Company US: Georgia - Medical Insurance 03646 A- A Exchange of California US: California - Mid-America Insurance Company 02827 A- A US: Pennsylvania - MIEC Group 18016 A- A US: California National Farmers Union 04076 NR-5 A- Casualty Group US: Colorado National Farmers Union 04037 NR-5 A- Standard Ins Co US: Colorado Orleans General Ins Co 87773 B+ pd NR-5 Canada: Quebec + Permanent General 11303 B++ B+ Assurance Corp of OH US: Ohio + Permanent General 01894 B++ B+ Assurance Corporation US: Tennessee + Permanent General Pool 18329 B++ B+ US: Tennessee + Security National Insurance Company 10796 B+ B US: Florida + United Wisconsin Insurance Company 01932 B++ B+ u US: Wisconsin - Wasatch Crest Mutual 10111 F E Insurance Company US: Utah West Newbury Mutual 02368 NR-5 A Fire Insurance Co US: Massachusetts International - Allianz Suisse Lebensversicherungs 86461 A A+ Switzerland - Allianz Suisse Versicherungs 86462 A A+ Switzerland New Central Reinsurance Corporation 86496 A- NR-5 Taiwan, Republic Of China New Colina Insurance Company Limited 89077 A- Bahamas New Inter-Ocean Group 83350 A Bermuda New Jamaica International 83011 B++ Insurance Co Ltd Jamaica New Qatar General Ins & 85452 B++ NR-5 Reins. Co (S.A.Q.) Qatar New Steamship Mutual 89448 A- Underwriting Assoc Ltd United Kingdom New Tower Insurance Limited 85484 A- NR-5 New Zealand Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned initial rating; (u) Rating placed under review Ratings Under Review Rating Current Previous Action Company Name & Domicile AMB# Rating Rating Life/Health U American Reserve Life 07486 C+ u C+ Insurance Company US: Oklahoma U Arkansas National Life 07507 B++ u B++ Insurance Company US: Arkansas U Forethought Life 09053 A u A Insurance Company US: Indiana U Liberty Bankers Life 07011 B u B Insurance Company US: Iowa U United Transportation 08272 B+ u B+ Union Ins Assn US: Ohio U Valley Forge Life 07207 A u A Insurance Company US: Pennsylvania Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned initial rating; (u) Rating placed under review GUIDE TO BEST'S FINANCIAL STRENGTH RATINGS A Best's Rating is an independent opinion, based on a comprehensive quantitative and qualitative evaluation, of a company's balance sheet strength, operating performance and business profile. Best's Ratings are not a warranty of a company's financial strength and ability to meet its obligations to policyholders. Financial Strength Ratings A Best's Financial Strength Rating (FSR) is an opinion of an insurer's ability to meet its obligations to policyholders. Rating Descriptor Definition Secure A++, A+ Superior Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders. A, A- Excellent Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing obligations to policyholders. B++, B+ Very Good Assigned to companies that have, in our opinion, a good ability to meet their ongoing obligations to policyholders. Vulnerable B, B- Fair Assigned to companies that have, in our opinion, a fair ability to meet their current obligations to policyholders, but are financially vulnerable to adverse changes in underwriting and economic conditions. C++, C+ Marginal Assigned to companies that have, in our opinion, a marginal ability to meet their current obligations to policyholders, but are financially vulnerable to adverse changes in underwriting and economic conditions. C, C- Weak Assigned to companies that have, in our opinion, a weak ability to meet their current obligations to policyholders, but are financially very vulnerable to adverse changes in underwriting and economic conditions. D Poor Assigned to companies that have, in our opinion, a poor ability to meet their current obligations to policyholders and are financially extremely vulnerable to adverse changes in underwriting and economic conditions. E Under Assigned to companies (and Regulatory possibly their subsidiaries/ Supervision affiliates) that have been placed by an insurance regulatory authority under a significant form of supervision, control or restraint whereby they are no longer allowed to conduct normal ongoing insurance operations. This would include conservatorship or rehabilitation, but does not include liquidation. It may also be assigned to companies issued cease and desist orders by regulators outside their home state or country. F In Assigned to companies that have Liquidation been placed under an order of liquidation by a court of law or whose owners have voluntarily agreed to liquidate the company. Note: Companies that voluntarily liquidate or dissolve their charters are generally not insolvent. S Suspended Assigned to companies that have experienced sudden and significant events affecting their balance sheet strength or operating performance and whose rating implications cannot be evaluated due to a lack of timely or adequate information. Rating Modifiers and Affiliation Codes A rating modifier can be assigned to indicate that a Best's Rating may be subject to near-term change (under review), that a company did not subscribe to Best's interactive rating process (public data) and that the rating is assigned to a syndicate operating at Lloyd's. Affiliation codes (g, p, and r) are added to Best's Ratings to identify companies whose assigned ratings are based on group, pooling or reinsurance affiliation with other insurers. Modifier Descriptor Definition Rating u Under Review A modifier that generally is Modifiers event-driven (positive, negative or developing) and is assigned to a company whose Best's Rating opinion is under review and may be subject to change in the near-term, generally defined as six months. pd Public Data Assigned to insurers that do not subscribe to Best's interactive rating process. Best's "pd" Ratings reflect qualitative and quantitative analyses using public data and information. s Syndicate Assigned to syndicates operating at Lloyd's. Affiliation g Group p Pooled r Reinsured Codes Not Rated Categories (NR) Assigned to companies reported on by A.M. Best, but not assigned a Best's Rating. The five categories are: NR-1: Insufficient NR-2: Insufficient NR-3: Rating Data. Size and/or Procedure Operating Experience. Inapplicable. NR-4: Company NR-5: Not Formally Request. Followed. Rating Outlook Best's interactive Ratings (A++ to D) are assigned a Rating Outlook that indicates the potential direction of a company's rating for an intermediate period, generally defined as the next 12 to 36 months. Rating Outlooks, which appear in the rating rationale section of the company's Best's Company Report, are as follows: Positive Indicates a company's financial/market trends are favorable, relative to its current rating level and, if continued, the company has a good possibility of having its rating upgraded. Negative Indicates a company is experiencing unfavorable financial/ market trends, relative to its current rating level and, if continued, the company has a good possibility of having its rating downgraded. Stable Indicates a company is experiencing stable financial/market trends and there is a low likelihood that its rating will change in the near term. Best's Ratings are distributed via press release and/or the A.M. Best Web site at www.ambest.com, and are published in the Rating Monitor section of BestWeek[R]. Best's Ratings are proprietary and may not be reproduced without permission. Copyright [c] 2004 by A.M. Best Company, Inc.
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|Date:||Apr 1, 2004|
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