A.M. Best Requests Comments on Draft Criteria: BCAR for Title Insurance Companies

OLDWICK, N.J.--()--A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, “BCAR for Title Insurance Companies” (updates version dated March 2, 2012).

The draft criteria report contains updated text, which specifies that premium and reserve capital factors will be adjusted based on premium volume and size of reserve liability, respectively. In addition, the number of years used to calculate the industry baseline reserve and premium capital factors has been increased to seven and 10 years, respectively.

These updates are part of A.M. Best’s continual review of its Best’s Credit Rating Methodology and are not considered material or expected to affect ratings.

Visit www.ambest.com/ratings/methodology to download a PDF copy of each report.

Written comments should be submitted by email to rating.methodology@ambest.com no later than March 4, 2013.

Founded in 1899, 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.

Contacts

A.M. Best Co.
Duncan McColl, CFA, 908-439-2200, ext. 5826
Manager, Rating Criteria
duncan.mccoll@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5445
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Thomas Mount, ACAS, MAAA, 908-439-2200, ext. 5155
Vice President
thomas.mount@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

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Contacts

A.M. Best Co.
Duncan McColl, CFA, 908-439-2200, ext. 5826
Manager, Rating Criteria
duncan.mccoll@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5445
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Thomas Mount, ACAS, MAAA, 908-439-2200, ext. 5155
Vice President
thomas.mount@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com