OREANDA-NEWS. A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Lawyers Mutual Liability Insurance Company of North Carolina (LML) (Cary, NC).

The Credit Ratings (ratings) reflect LML’s strong and highly liquid balance sheet, consistently profitable operating performance, favorable loss reserve development, solid enterprise risk management framework and management’s long-standing expertise in North Carolina’s legal professional liability sector. The ratings also take into consideration the diversification benefit derived from the various areas of practice the company insures and its ability to adjust its exposure in each of these areas based on overall performance.