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Article: Medical Protective Now a Berkshire Hathaway Company; Upgraded to 'AAA', S&P's Highest Financial Strength Rating.
- Article from:
- Business Wire
- Article date:
- July 12, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WAYNE, Ind. -- Last week, Medical Protective Corporation, the oldest and second largest admitted primary medical professional liability insurer, officially became a member of the Berkshire Hathaway group of businesses, upon completion of the previously announced purchase agreement with GE Insurance Solutions. Standard & Poor's immediately upgraded Medical Protective to its highest "AAA/Stable" financial strength rating, and AM Best affirmed its "A-" (Excellent) financial strength rating, with "Positive Outlook".
"This transaction is a big win for the over 75,000 Medical Protective policyholders, as well as our dedicated distributor- and attorney- business ...