Lewis and Clark LTC Earn Financial Rating A, Exceptional

September 26, 2006

Lewis and Clark LTC Risk Retention Group, Inc. has earned a Financial Stability Rating® (FSR) of “A,” exceptional, from Ohio-based Demotech, Inc. This level of FSR is assigned to insurers who possess an exceptional ability to maintain a positive surplus as regards policyholders, maintain liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.

FSRs summarize Demotech’s opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data that is based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC).

An insurer with this level of FSR meets the requirements of the U. S. Department of Housing and Urban Development (HUD) for professional liability insurance. This permits nursing facilities insured by Lewis and Clark to apply for HUD’s Section 232 Program.

Lewis & Clark LTC RRG, Inc. was formed in 2004 by a group of long-term care owners in Washington and Oregon to provide general and professional liability Insurance to long-term care facilities in the Pacific Northwest and Upper Midwest. Domiciled in Nevada, the company is approved in 38 states. Product distribution is through independent insurance agents.

Demotech, Inc., a Columbus, Ohio-based financial analysis and actuarial services firm that provides the insurance industry with pricing analysis, state filings assistance, Financial Stability Ratings® and support for other required regulatory reporting.

Source: Demotech

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