This edition reflects all financial strength rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers domiciled in North America, as well as international insurance companies, since this section last appeared in the February 2011 edition of Best's Review.
See page 23 for the current Guide to Best's Financial Strength Ratings or visit the A.M. Best Co. website at www.ambest.com/ratings/guide.html for detailed rating definitions. The A.M. Best rating of any company and basic company information also are available free of charge at www.ambest.com/ratings/access.html.
GUIDE TO BETST'S FINANCIAL STRENGTH RATINGS--INSURER
A Best Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile.
"u" Under Review"pd" Public Data"s" Syndicate
Not Rated Categories
Assigned to companies reported on by A.M. Best, but not assigned a Best's Rating.
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 Disclosure
A Best's Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. The ratings are not assigned to specific insurance policies or contracts and do not address any other risk, including, but not limited to, an insurer's claims-payment policies or procedures; the ability of the insurer to dispute or deny claims payment on grounds of misrepresentation or fraud; or any specific liability contractually borne by the policy or contract holder. A Best's …
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