American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) announced yesterday that its A- "Excellent" rating has been reaffirmed by A.M. Best Company, the insurance industry rating organization.
The rating applies to the APCapital group and its insurance subsidiaries, American Physicians Assurance Corporation, Insurance Corporation of America and APSpecialty Corporation. Best also reported the rating outlook for the group as "stable."
President and Chief Executive Officer William B. Cheeseman said Best cited the group's adequate capitalization, aggressive actions to improve operating...
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