FinCor Holdings Inc. a leader in the health care risk management and insurance industry, today announced A.M. Best has affirmed the A- (Excellent) financial strength rating for the company’s insurance subsidiary, MHA Insurance Company. A.M. Best also affirmed the B+ (Good) financial strength of another FinCor subsidiary, Washington Casualty Company (WCC), and revised its outlook rating from negative to stable.

The MHA Insurance Company has maintained its A- (Excellent) rating since 1994. A.M. Best noted the following items in its ratings affirmation of MHA Insurance Company:

– High underwriting standards
– Solid management team
– Historically conservative reserving philosophy
– Expectation of continued profitability
– Favorable operating performance
– Adequate risk-adjusted capitalization
– Maintenance of reserve adequacy, as well as a capitalization that
supports the rating

According to A.M. Best, the revised outlook and rating affirmation for WCC reflects its improved capitalization, recent overall improvement in operating results and the support of its parent company, FinCor Holdings. The revised outlook also reflects the September 2008 settlement of litigation against WCC by the Oregon Health and Sciences University. WCC was responsible for $2.1 million of the total $21.3 million settlement.

“The A.M. Best ratings are an important third-party validation of our subsidiaries’ financial strength and performance,” said Thomas F. Dickinson, FinCor Holdings president and CEO. “Maintaining these ratings on a consistent basis is critical to our clients and our organization, and is a direct reflection of the quality insurance products and services we provide.”

A.M. Best provides an independent third-party opinion of an insurer’s financial strength and ability to meet its ongoing obligations to policyholders. The rating is based on a comprehensive evaluation of an insurer’s balance sheet strength, operating performance and business profile.

MHA Insurance Company

MHA Insurance Company has been servicing health care providers since 1976 and currently provides professional medical liability insurance to more than 200 health care facilities and more than 5,000 physicians throughout the Midwest. For more information, visit www.mhaic.com.

Washington Casualty Company

The Washington Casualty Company is a medical professional liability insurer providing coverage to hospitals and health care facilities throughout the Northwest since 1990. For more information, visit www.wacasualty.com.

Through its subsidiaries – FinCor Solutions, The Risk Management and Patient Safety Institute, MHA Insurance Company, Washington Casualty Company and Capital Risk Solutions, SPC – FinCor Holdings Inc. provides industry- leading insurance products and support services, including medical professional liability insurance, workers’ compensation insurance and clinical risk management solutions to clients nationally. With its years of experience focusing on financial loss protection and clinical risk reduction, FinCor Holdings has built an outstanding reputation for serving the needs of the health care industry. For more information, visit www.fincorholdings.com.