A.M. Best Co. has downgraded the financial strength ratings to B+ (Very
Good) from B++ (Very Good) of the American Physicians Assurance Corp (APA)
and APSpecialty Insurance Corporation (APSpecialty). Additionally, A.M. Best
has downgraded the financial strength rating to B- (Fair) from B++ (Very
Good) of Insurance Corporation of America (ICA). APA, APSpecialty
and ICA are wholly-owned subsidiaries of American Physicians Capital Inc.
(ACAP) (NASDAQ: ACAP). All four companies are located in East Lansing,
Michigan. The ratings of APA, APSpecialty and ICA will remain un...
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