NICI is a single-parent captive insurer wholly owned by NiSource Inc., providing all-risk property, workers' compensation, excess general and automobile liability, medical stop-loss, long-term disability and group life insurance for the parent and its affiliates. AM Best has taken a balanced view of NICI's overall business profile, which albeit limited in scope, maintains inherent advantages as a single-parent captive with immediate access to business and resources along with the broader financial wherewithal of its ultimate parent. Downward rating pressure could result from a decline in the company's operating performance, an increase in underwriting leverage or an outsized loss event that triggers a sudden decline in risk-adjusted capitalization. In addition, rating pressure could occur if there are any sudden and material changes in the financial and credit profile of the parent.