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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 September 2004 edition of Best's Review.

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 18 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.
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
September 2004 edition of Best's Review.

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 18 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.

Rating Changed

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

Life/Health

+ California Physicians' Service 64012 A A-
 US: California
 Centre Life Insurance Company * 07367 NR-4 C++
 US: Massachusetts
- Health Net Insurance of 11825 B+ B++ u
 Connecticut Inc
 US: Connecticut
- Health Net Insurance of New York 11859 B+ B++ u
 Inc
 US: New York
- Health Net Life Insurance Company 06722 B++ A- u
 US: California
 Order of United Comml Trvlrs of 08181 NR-4 C+
 America
 US: Ohio
+ PacifiCare Life and Health 07278 A- B++
 Insurance Co
 US: Indiana
 Senate National Life Insurance 08136 NR-5 E
 Company
 US: Arizona
 Vision Care of Oregon Inc 64481 NR-5 A-
 US: Oregon

HMO

- Americas Health Choice Medical 64703 C+ pd C++ pd
 Plans Inc
 US: Florida
- ConsumerHealth Inc 60166 B- pd B+ pd
 US: California
- Family Health Plan Inc 68665 D pd C pd
 US: Ohio
- Group Health Cooperative of Eau 68654 C++ pd B- pd
 Claire US: Wisconsin
- Health Net of California Inc 68507 B++ A- u
 US: California
- Health Net of Connecticut Inc 68520 B+ B++ u
 US: Connecticut
- Health Net of New Jersey Inc 64005 B+ B++ u
 US: New Jersey
- Health Net of New York Inc 68568 B+ B++ u
 US: New York
- Health Resources Inc 68538 C++ pd B- pd
 US: Indiana
- Health Tradition Health Plan 68620 C++ pd B- pd
 US: Wisconsin
- Medical Associates Health Plan 68542 B- pd B pd
 Inc
 US: Iowa
- M-Plan Inc 60142 C++ pd B- pd
 US: Indiana
+ PacifiCare of California Inc 68705 A- B++
 US: California
+ PacifiCare of Texas Inc 68706 B++ B+
 US: Texas
 PHN-HMO Inc 64295 NR-5 C- pd
 US: Maryland
- Preferred Health 64053 C+ pd C++ pd
 US: Puerto Rico
- Select Health of South Carolina 64003 C pd C+ pd
 Inc
 US: South Carolina
- SummaCare Inc 60143 C+ pd B- pd
 US: Ohio
+ UCare Minnesota 68935 B pd B- pd
 US: Minnesota

Property/Casualty

 Centre Insurance Company * 12237 NR-4 C++
 US: Delaware
+ Farmers and Mechanics Mut Ins Co 00725 B+ B
 of WV
 US: West Virginia
 Fremont Indemnity Company 00225 NR-5 F
 US: California
 Interboro Mutual Indemnity 00519 E NR-4
 Insurance Co
 US: New York
 Langdon Insurance Company 85765 NR-5 B+ pd
 Canada: Ontario
 Medical Liability Mutual 03667 NR-4 B-
 Insurance Co
 US: New York
New Mississippi Health Care Assn S I 12669 A-
 Fund
 US: Mississippi
 OHIC Insurance Company 03778 NR-4 C++
 US: Ohio
- PMA Capital Insurance Company 02707 B+ u B++ u
 US: Pennsylvania
 PMA Capital Insurance Group 18436 NR-5 B++ u
 US: Pennsylvania
 Princeton Insurance Company 02873 NR-4 B-
 US: New Jersey
 Providence Washington Insurance 00786 NR-5 B- u
 Cos
 US: Rhode Island
- Safeway Property Insurance 10672 B B++
 Company
 US: Nebraska
+ Underwriters at Lloyd's London 00565 A A-
 (IL)
 US: Illinois
+ Underwriters at Lloyd's London 04093 A A-
 (KY)
 US: Kentucky
 Wasatch Crest Mutual Insurance 10111 NR-5 F
 Company
 US: Utah
 ZC Specialty Insurance Company * 11880 NR-4 C++
 US: Texas

International

New Aetna Life & Casualty (Bermuda) 77031 A-
 Ltd
 Bermuda
New Arch Insurance Company (Europe) 77102 A-
 Limited
 United Kingdom
 AXA Direct Insurance Limited 86505 NR-5 B+ pd
 United Kingdom
+ AXA Insurance UK plc 86845 A pd B+ pd
 United Kingdom
 AXA PPP Healthcare Limited 87530 A pd NR-5
 United Kingdom
- Canada Life Limited 87449 B pd B+ pd
 United Kingdom
 Centre Insurance International 86352 NR-4 C++
 Company *
 Ireland
 Centre Reinsurance International 86114 NR-4 C++
 Company *
 Ireland
 Centre Reinsurance Limited * 86113 NR-4 C++
 Bermuda
 Centre Solutions (Asia) Limited * 84252 NR-4 C++
 Bermuda
 Centre Solutions (Bermuda) 85566 NR-4 C++
 Limited *
 Bermuda
 Centre Solutions (U.S.) Limited * 86961 NR-4 C++
 Bermuda
 Centreline Reinsurance Limited * 86115 NR-4 C++
 Bermuda
- Clerical Medical Investment Group 87876 B++ pd A- pd
 Ltd
 United Kingdom
- Clerical Medical Managed Funds 87281 B+ pd B++ pd
 Limited
 United Kingdom
New Combined Life Assurance Company 84203 B++ NR-5
 Limited
 United Kingdom
- Co-operative Insurance Society 87801 B- pd B+ pd
 Limited
 United Kingdom
- Corifrance 85331 B++ A-
 France
New Doctors Benefit Insurance Company 77100 C+
 Ltd.
 Barbados
 International Casualty & Surety 86523 NR-5 F
 Co Ltd
 New Zealand
 Isis Managed Pension Funds 87436 NR-5 B+ pd
 Limited
 United Kingdom
+ Lloyd's of London 85202 A A-
 United Kingdom
New Lloyd's Syndicate 1084 48241 A s
 United Kingdom
+ Lloyd's Syndicate 1243 48321 A s A- s
 United Kingdom
+ Lloyd's Syndicate 2010 48932 A s A- s
 United Kingdom
+ Lloyd's Syndicate 3000 48945 A s A- s
 United Kingdom
+ Lloyd's Syndicate 570 48000 A s A- s
 United Kingdom
New London General Insurance Company 87438 B++ B pd
 Ltd
 United Kingdom
+ Royal London Mutual Insurance Soc 87567 B pd B- pd
 Ltd
 United Kingdom
- Scottish Mutual Assurance Plc 87585 C++ pd B pd
 United Kingdom
 Scottish Widows Annuities Limited 84159 NR-5 B+ pd
 United Kingdom
- Scottish Widows plc 84161 B++ pd A- pd
 United Kingdom
 Windsor Life Assurance Company 85400 NR-5 B pd
 Limited
 United Kingdom

* Rating was downgraded from B+u to C++ on Aug. 5. Current rating
effective Aug. 5.

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

U Allstate Floridian Indemnity 12128 A- u A-
 Company
 US: Illinois
U Allstate Floridian Insurance 10648 A- u A-
 Company
 US: Illinois
U Allstate Floridian Insurance 18517 A- u A-
 Group
 US: Illinois
U American Independent Insurance 04969 B+ u B+
 Company
 US: Pennsylvania
U American Vehicle Insurance 00711 B+ u B+
 Company
 US: Florida
U Federated National Insurance 11420 B u B
 Company
 US: Florida
U Manufacturers Alliance Insurance 02626 B++ u B++ u
 Company
 US: Pennsylvania
U Pennsylvania Manufacturers Assoc 00760 B++ u B++ u
 Ins Co
 US: Pennsylvania
U Pennsylvania Manufacturers 01733 B++ u B++ u
 Indemnity Co
 US: Pennsylvania
U Personal Service Insurance 03304 A- u A-
 Company
 US: Ohio
U PMA Insurance Group 18200 B++ u B++ u
 US: Pennsylvania
U State Farm Florida Insurance 12235 A- u A-
 Company
 US: Florida

Rating was downgraded from B+u to C++ on Aug. 5. Current rating
effective Aug. 5.

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 possibly
 Regulatory their subsidiaries/affiliates) that
 Supervision 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 Liquidation Assigned to companies that have 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 where
 by the 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
Modifiers

 u Under Review A modifier that generally is 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 Codes g Group p Pooled r Reinsured

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 Data.
NR-2: Insufficient Size and/or Operating Experience.
NR-3: Rating Procedure Inapplicable.
NR-4: Company Request.
NR-5: Not Formally 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.

Version 062504
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
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Title Annotation:Ratings
Publication:Best's Review
Geographic Code:100NA
Date:Oct 1, 2004
Words:2093
Previous Article:Meetings.
Next Article:Hot buttons: candidates' opposing views on key issues mean high stakes for insurers in the 2004 election.
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