Article: A.M. Best Downgrades Ratings of American Physicians Assurance Corp, APSpecialty Insurance Corporation and Insurance Corporation of America.

Business Editors

OLDWICK, N.J.--(BUSINESS WIRE)--Jan. 29, 2004

A.M. Best Co. has downgraded the financial strength ratings to B+ (Very Good) from B++ (Very Good) of the American Physicians Assurance Corp (APA) and APSpecialty Insurance Corporation (APSpecialty). Additionally, A.M. Best has downgraded the financial strength rating to B- (Fair) from B++ (Very Good) of Insurance Corporation of America (ICA). APA, APSpecialty and ICA are wholly-owned subsidiaries of American Physicians Capital Inc. (ACAP) (NASDAQ: ACAP). All four companies are located in East Lansing, Michigan. The ratings of APA, APSpecialty and ICA will remain under review with negative ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!