A.M. Best Requests Comments on Draft Criteria: BCAR for U.S. P/C Insurers, Universal BCAR and BCAR for Canadian P/C Insurers

CONTACTS:

FOR IMMEDIATE RELEASE

OLDWICK - MARCH 12, 2015 11:15 AM (EDT)
A.M. Best is requesting comments from market participants in the insurance industry and other interested parties on the following draft criteria reports:

• "Understanding BCAR for U.S. Property/Casualty Insurers" (updates version dated April 2, 2014)


• "Understanding Universal BCAR" (updates version dated April 2, 2014)


• "Understanding BCAR for Canadian Property/Casualty Insurers" (updates version dated April 2, 2014)

The draft criteria report, "Understanding BCAR for U.S. Property/Casualty Insurers," includes changes to reflect the annual update to growth charges.

Proposed edits to the draft criteria report, "Understanding Universal BCAR," updates references to prior publications.

The draft criteria report, "Understanding BCAR for Canadian Property/Casualty Insurers," includes an update to recognize the change in the format used for Canadian financial reporting.

Copies of these draft reports are available at www.ambest.com/ratings/methodology .

These updates are part of A.M. Best's continual review of its rating methodology and are not expected to affect the ratings. Written comments should be submitted by email to rating.methodology@ambest.com no later than April 13, 2015. The details of any comments received may be made public unless specifically requested to be kept confidential.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.