Categories
Business Wire

A.M. Best Assigns Rating to Blue Cross and Blue Shield of North Carolina

A.M. Best Assigns Rating to Blue Cross and Blue Shield of North Carolina

Business Editors

OLDWICK, N.J.–(BUSINESS WIRE)–Sept. 13, 2002

A.M. Best Co. has assigned an initial public data rating (pd) of A-pd to Blue Cross and Blue Shield of North Carolina (BCBS NC) (Chapel Hill, NC).

The rating of BCBS NC reflects its good capital and surplus position and two-year trend of favorable earnings. Offsetting these strengths is the limited geographic operating area.

A pd rating is an A.M. Best opinion rating of the long-term financial strength of an insurer or reinsurer. The rating is expressed using the same rating scale and definitions as an A.M. Best interactive rating of long-term financial strength, but a pd rating modifier has been added to ensure the user is aware of the more limited information basis for the rating. The pd rating does not reflect the detailed interviews of senior management and access to non-public data and other information, which plays a significant role in the interactive rating analysis.

A.M. Best Co., established in 1899, is the world’s oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best’s Web site at www.ambest.com.

–30–ds/ny* csm

CONTACT: A.M. Best Co., Oldwick

Public Relations:

Jim Peavy, 908/439-2200, ext. 5644

james.peavy@ambest.com

or

Rachelle Striegel, 908/439-2200, ext. 5378

rachelle.striegel@ambest.com

or

Analyst:

Richard Shaw, 908/439-2200, ext. 5416

richard.shaw@ambest.com

KEYWORD: NEW JERSEY

INDUSTRY KEYWORD: BANKING INSURANCE

SOURCE: A.M. Best Co.

COPYRIGHT 2002 Business Wire

COPYRIGHT 2002 Gale Group