Medical ratings upgraded
–14 March 2008
A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A-' (Excellent) from 'B++' (Good) and assigned an issuer credit rating (ICR) of "a-" to Connecticut Medical Insurance Company (CMIC). Best also revised the outlook on the FSR to stable from positive. The outlook on the ICR is also stable. “The ratings reflect CMIC’ s improved risk-adjusted capitalization and underwriting performance, its favorable return measures and conservative loss reserving philosophy. Management's actions to achieve rate adequacy, improve its book of business and build conservatism in its loss reserves has resulted in the generation of operating profitability and a strengthened capital position.”
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