A.M. Best Assigns Rating to Blue Cross and Blue Shield of North Carolina
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.
CONTACT: A.M. Best Co., Oldwick
Jim Peavy, 908/439-2200, ext. 5644
Rachelle Striegel, 908/439-2200, ext. 5378
Richard Shaw, 908/439-2200, ext. 5416
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: BANKING INSURANCE
SOURCE: A.M. Best Co.
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