AM Best Removes Under Review with Developing Implications, Affirms Credit Ratings of NORCAL Group’s Members

September 10, 2021 by matray

AM Best has removed the under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) for the members of NORCAL Group (NORCAL). The outlook of these Credit Ratings (ratings) is stable. (See below for… Continue reading...

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AM Best Affirms ‘Superior’ Credit Ratings of Members of MedPro Group

June 30, 2021 by matray

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

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AM Best Revises Outlooks to Positive for California Healthcare Insurance Company, Inc., A Risk Retention Group

June 21, 2021 by matray

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of California Healthcare Insurance (CHI) Company, Inc., A Risk Retention Group. The Credit Ratings reflect CHI’s balance sheet strength, which AM Best assesses… Continue reading...

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AM Best Affirms Credit Ratings of Members of MedPro Group

June 15, 2021 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… Continue reading...

Posted in A.M. Best, Medical Protective (MedPro) | Leave a comment
AM Best to Host Webinar on the State of the Medical Professional Liability Market

April 19, 2021 by matray

AM Best will host a complimentary webinar exploring the state of the medical professional liability (MPL) insurance market on Thursday, May 13, 2021, at 10:00 a.m. (EDT). AM Best analytic personnel and insurance industry leaders will examine MPL insurers’ underwriting and operating results, pandemic-related challenges in the healthcare industry, and… Continue reading...

Posted in A.M. Best, Medical Malpractice News, Medical Professional Liability Insurance | Leave a comment
AM Best Affirms Credit Ratings of ProAssurance Group Members and ProAssurance Corp.

March 17, 2021 by matray

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" of the members of ProAssurance Group. The outlook of the FSR is stable while the outlook of the Long-Term ICR is negative. Concurrently, AM Best has affirmed the Long-Term… Continue reading...

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AM Best Revises Outlooks to Negative for Members of ISMIE Mutual Group

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...

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AM Best Affirms Credit Ratings of MLMIC Insurance Company

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...

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AM Best Assigns Credit Ratings to MMIC Risk Retention Group, Inc.

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...

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AM Best Affirms Superior Rating for the Cooperative of American Physicians’ Mutual Protection Trust

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...

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