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A.M. Best Withdraws Ratings of Western Professional Insurance CompanyOLDWICK, N.J. --(Business Wire)-- A.M. Best Co. has withdrawn the financial strength rating of A- (Excellent) and the issuer credit rating of "a-"of Western Professional Insurance Company (WPIC) (Seattle, WA). These rating actions are the result of WPIC's current inactive status in the medical professional liability market. Should the status of WPIC change in the future, its ratings will be reassessed. The ratings of its parent, Physicians Insurance A Mutual Company (Seattle, WA) were not affected by these rating actions. The methodolog used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's rating process and contains the different rating criteria employed in the rating process. Best's Credit Rating Methodology can be found at www.ambest.com/ratings/methodology. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. |
