A.M. Best Places Ratings of GMAC Insurance Group Under Review with Negative Implications

Business Wire, Feb 27, 2008

OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of GMAC Insurance Group (GMACI) and its sixteen members, which are led by Motors Insurance Corporation (Southfield, MI), under review with negative implications. (See below for a detailed listing of the companies and ratings.)

These rating actions reflect A.M. Best's heightened concerns regarding the financial pressures being experienced by GMACI's ultimate parent, GMAC LLC (GMAC), and the potential financial implications on GMACI. The existing challenges at GMAC are driven by the continuing risks associated with its mortgage lending subsidiary, Residential Capital, LLC (ResCap) (Minnesota), which continues to weaken GMAC's corporate credit ratings, cost of capital and liquidity. Following further discussions with GMACI's management, A.M. Best will re-evaluate the company's under review status.

The FSR of A- (Excellent) and the ICRs of "a-" have been placed under review with negative implications for GMAC Insurance Group and its following members:

* Motors Insurance Corporation

* CIM Insurance Corporation

* GMAC Direct Insurance Company

* GMAC Insurance Company Online, Inc.

* Integon Casualty Insurance Company

* Integon General Insurance Corporation

* Integon Indemnity Corporation

* Integon National Insurance Company

* Integon Preferred Insurance Company

* Integon Specialty Insurance Company

* MEEMIC Insurance Company

* MIC General Insurance Corporation

* MIC Property and Casualty Insurance Corporation

* National General Assurance Company

* National General Insurance Company

* New South Insurance Company

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.> Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.