AM Best Downgrades Credit Ratings of Members of Kansas Medical Mutual Group

October 17, 2019 by matray

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bbb+” from “a-” of Kansas Medical Mutual Insurance Company, and its subsidiary, KAMMCO Casualty Company, Inc. These companies are referred to collectively as Kansas Medical Mutual… Continue reading...

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AM Best Removes From Under Review with Negative Implications and Downgrades Credit Ratings of CMIC Group’s Members

October 10, 2019 by matray

AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” from “a-” of Connecticut Medical Insurance Company (Glastonbury, CT) and its sponsored risk retention group company, CMIC Risk Retention Group… Continue reading...

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A.M. Best Revises Outlooks to Negative for ProAssurance Corporation and Certain Subsidiaries

September 26, 2019 by matray

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of certain members of the ProAssurance Group. Concurrently, AM Best has upgraded the FSR to A+ (Superior) from A (Excellent) and… Continue reading...

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A.M. Best Affirms Credit Ratings of Members of MedPro Group

July 11, 2019 by matray

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

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A.M. Best Places Credit Ratings of CMIC Group’s Members Under Review With Negative Implications

June 7, 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 Connecticut Medical Insurance Company (Glastonbury, CT) and its sponsored risk retention group company, CMIC Risk Retention Group (District of Columbia). These companies are referred to… Continue reading...

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A.M. Best Affirms “A” (Excellent) Rating for NORCAL Group, Outlook Remains Stable

April 9, 2019 by matray

A.M. Best affirmed a rating of “A” (Excellent) for NORCAL Group, and the ratings outlook continues to be “stable.” (NORCAL Group includes NORCAL Mutual Insurance Company and its affiliated insurance companies.) According to Best, the rating reflects NORCAL Group’s solid balance sheet, including its strong level of capitalization, improvements in… Continue reading...

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AM Best Assigns Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” to MLMIC Insurance Co.

December 20, 2018 by matray

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

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A.M. Best Upholds Superior Rating of the Cooperative of American Physicians Mutual Protection Trust

October 31, 2018 by matray

The Cooperative of American Physicians, Inc. (CAP) today announced that the outstanding financial strength of its core product, the Mutual Protection Trust (MPT), has again earned an A+ (Superior) Rating from A.M. Best Company, a global full-service credit rating agency dedicated to serving the financial and healthcare service industries. This marks… Continue reading...

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A.M. Best Upgrades Issuer Credit Ratings of Members of MAG Mutual Group

August 6, 2018 by matray

A.M. Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of MAG Mutual Insurance Company (Atlanta, Ga.) and Professional Security Insurance Company (Scottsdale, Ariz.), collectively known as MAG Mutual Group. The outlook of these Credit Ratings (ratings) is… Continue reading...

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New York State Society of Plastic Surgeons Selects The Doctors Company as Exclusive Partner

June 18, 2018 by matray

The New York State Society of Plastic Surgeons (NYSSPS) Executive Council has chosen The Doctors Company as the exclusively endorsed medical malpractice insurer for its members. “We chose to endorse The Doctors Company because as an organization founded and led by physicians and owned by members, they share our commitment… Continue reading...

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