Am Phys Gets Lower S&P Rating - Negative Outlook

Standard & Poor's Ratings Services said yesterdeay that it lowered its counterparty credit and financial strength ratings on American Physicians Assurance Corp. (APA) to single-'A'-minus from single-'A' because of significant losses in the past 12 months. Standard & Poor's also said that the outlook on APA is negative. APA is a regional medical malpractice insurance and workers' compensation company and a subsidiary of American Physicians Capital Inc. (APCapital). "The losses it has experienced in the past year stem from increased severity of professional liability claims, which have res...