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Article: A.M. Best Upgrades Ratings of FPIC Insurance Group, Inc.
- Article from:
- Business Wire
- Article date:
- February 20, 2007
CopyrightCOPYRIGHT 2007 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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OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength rating (FSR) to A- (Excellent) from B++ (Good) and the issuer credit ratings (ICR) to "a-" from "bbb+" of FPIC Insurance Group (FPIC) and its four pooled members, which are led by First Professionals Insurance Company, Inc. (Jacksonville, FL). Concurrently, A.M. Best has upgraded the ICR to "bbb-" from "bb+" and the various indicative debt ratings of FPIC's publicly-traded parent, FPIC Insurance Group, Inc. (Jacksonville, FL) [NASDAQ: FPIC]. The outlook for all ratings is stable. (See below for a detailed list of the ratings.)
These rating actions follow FPIC Insurance Group, Inc's fourth quarter ...
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