The ratings of North Coast Life were placed under review with negative implications on November 21, 2008, following a significant decline in its total capital through third quarter 2008, due to investment related realized and unrealized losses. The impact on North Coast Life's already low capital base brought it close to a regulatory minimum for a key state of operation.
A.M. Best Removes From Under Review and Affirms Ratings of North Coast Life Insurance Company; Assigns Negative Outlook
Source: MarketWatch