Mutual Ins. Co. of AZ Affirmed

The “Api” FSR on Mutual Insurance Company of Arizona was affirmed by S&P. Key rating factors included extremely strong capital adequacy, historically positive operating results and conservative reserving. Those positive factors were partially offset by the company’s high geographic and product-line concentration. The company is licensed in Arizona, Colorado, New Mexico and Utah. It mainly writes medical malpractice liability and related coverage for physicians and their groups.