A+ Ratings of Dearborn National® Brand Companies Upgraded or Affirmed
CHICAGO, IL – November 17, 2010 – The financial strength ratings of three Dearborn National brand companies were recently either upgraded or reaffirmed by two independent credit rating agencies.
Fort Dearborn Life Insurance Company® of New York was upgraded to an A+ (Superior) rating by A.M. Best and reaffirmed as A+ (Strong) by Standard & Poor’s.
In addition, Fort Dearborn Life Insurance Company® was reaffirmed as an A+ (Superior) carrier by A.M. Best Company1 and as an A+ (Strong) carrier by Standard & Poor’s.2
A.M. Best Company also reaffirmed the A (Excellent) rating for Colorado Bankers Life Insurance Company®.
“We are proud of our strong ratings and our commitment to financial stability,” said Anthony F. Trani, president and CEO of Dearborn National. "Our policyholders can be confident that their benefits will be available when they need them most."
About Dearborn National
With more than 40 years of experience, the Dearborn National brand companies offer a broad selection of insurance products, including Group Benefits (employer-paid/voluntary), Worksite and Individual, as well as an array of value-added services. We are licensed in all 50 states, as well as the District of Columbia, the U.S. Virgin Islands, the British Virgin Islands, Guam and Puerto Rico. Our parent company, Health Care Service Corporation, a Mutual Legal Reserve Company, is the largest non-investor owned health care insurance provider in the United States and the fourth largest overall. For more information, please visit www.dearbornnational.com
Director, Corporate Communications
1 A.M. Best ratings effective October 19, 2010. A.M. Best Company rates the overall financial condition of a company using a scale of A++ (Superior) to F (In Liquidation).
2 Standard & Poor’s ratings effective August 31, 2010. Standard & Poor’s Insurer Financial Strength Rating uses a scale ranging form AAA (Extremely Strong) to R (Experienced Regulatory Action).