15.08.2016, 18:28
A.M. Best Affirms Ratings of The Doctors Co. and Several Subsidiaries
OREANDA-NEWS. A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a” of The Doctors Company, An Interinsurance Exchange (the Doctors Company) (Napa, CA) and its wholly owned subsidiary, TDC Specialty Insurance Company (TDC) (Washington, DC). The outlook for each rating is stable.
In addition, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of Underwriter for the Professions Insurance Company (UPIC) (Salem, OR). At the same time, A.M. Best has affirmed the FSRs of A- (Excellent) and the ICRs of “a-”of OHIC Insurance Company (OHIC) (Columbus, OH) and American Physicians Assurance Corporation (APAC) (East Lansing, MI). The outlook for each of these ratings is stable.
Furthermore, A.M. Best has downgraded the FSR to A- (Excellent) from A (Excellent) and the ICR to “a-” from “a” of First Professionals Insurance Company (Jacksonville, FL) (FPIC). The outlook for each of these ratings is stable.
Concurrently, A.M. Best has affirmed the FSR of B++ (Good) and the ICR of “bbb+” of American Healthcare Indemnity Company (AHIC) (headquartered in Napa, CA). The outlook for each of these ratings is stable. Subsequently, A.M. Best has withdrawn the ratings, as AHIC is essentially a shell with a contingent liability for assumed reinsurance sold to an unaffiliated party in 2015.
In addition, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of “a” of Underwriter for the Professions Insurance Company (UPIC) (Salem, OR). At the same time, A.M. Best has affirmed the FSRs of A- (Excellent) and the ICRs of “a-”of OHIC Insurance Company (OHIC) (Columbus, OH) and American Physicians Assurance Corporation (APAC) (East Lansing, MI). The outlook for each of these ratings is stable.
Furthermore, A.M. Best has downgraded the FSR to A- (Excellent) from A (Excellent) and the ICR to “a-” from “a” of First Professionals Insurance Company (Jacksonville, FL) (FPIC). The outlook for each of these ratings is stable.
Concurrently, A.M. Best has affirmed the FSR of B++ (Good) and the ICR of “bbb+” of American Healthcare Indemnity Company (AHIC) (headquartered in Napa, CA). The outlook for each of these ratings is stable. Subsequently, A.M. Best has withdrawn the ratings, as AHIC is essentially a shell with a contingent liability for assumed reinsurance sold to an unaffiliated party in 2015.
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