December 11, 2020 by matray

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a­-” of ISMIE Mutual Insurance Co. and ISMIE Indemnity Co. Both companies are domiciled in Chicago, IL. These Credit Ratings reflect ISMIE’s balance sheet strength,… Continue reading...

December 9, 2020 by matray

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of MLMIC Insurance Co. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MLMIC’s balance sheet strength, which AM Best categorizes as strongest, as well as… Continue reading...

December 8, 2020 by matray

AM Best  assigned a Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a­” to MMIC Risk Retention Group, Inc. (MMIC RRG). The outlook assigned to these credit ratings is stable. MMIC RRG is a sponsored risk retention group of Constellation, Inc., the parent company of… Continue reading...

December 8, 2020 by matray

The Cooperative of American Physicians (CAP) announced that its Mutual Protection Trust (MPT), the organization's core product, earned its fourteenth-consecutive A+ (Superior) Rating with a Stable Outlook from AM Best Co. “Given the turbulence that the COVID-19 pandemic has caused, especially on the medical community in California, physicians are now more… Continue reading...

August 10, 2020 by matray

A.M. Best has affirmed The Doctors Company’s financial strength rating (FSR) of A and the company’s long-term issuer credit rating (ICR) of “a+” and stated the outlook of these ratings is stable. These ratings apply to the parent group, The Doctors Company, An Interinsurance Exchange, and the following subsidiaries: TDC… Continue reading...

June 16, 2020 by matray

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” of the members of MedPro Group (MedPro). These Credit Ratings (ratings) apply to The Medical Protective Company (Fort Wayne, IN) and its affiliates: Princeton Insurance Company (Princeton, NJ); PLICO, Inc. (Oklahoma City,… Continue reading...

February 26, 2020 by matray

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of ProAssurance Group. The outlook of the FSR has been revised to stable from negative whilst the outlook for the… Continue reading...

February 26, 2020 by matray

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “a” for the members of NORCAL Group (NORCAL). Concurrently, AM Best has maintained the under review status on these Credit Ratings (ratings) and revised… Continue reading...

December 17, 2019 by matray

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of MLMIC Insurance Company (MLMIC) (New York, NY). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MLMIC’s balance sheet strength, which AM Best categorizes… Continue reading...

December 10, 2019 by matray

A.M. Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of the members of NORCAL Group (NORCAL). (See below for a detailed listing of the companies.) The under review status follows NORCAL’s third-quarter 2019 results, which… Continue reading...