OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of State Farm Mutual Automobile Insurance Company (State Farm Mutual) and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas (Richardson, TX), collectively referred to as State Farm Group. In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of State Farm Florida Insurance Company (State Farm Florida) (Winter Haven, FL). AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (...
Continue reading...
BRANCHVILLE, N.J., Sept. 1, 2022 /PRNewswire/ -- Selective Insurance, a leading business, home, auto, and flood insurer, announced today that it is Certified™ by Great Place to Work for the third consecutive year. The prestigious designation is based entirely on what current employees say about their experience working at Selective. This year, 85% of employees said Selective is a great place to work – 28 points higher than the average U.S. company. "Recognition as a Great Place to Work for three continuous years highlights what employees already know and experience daily – we insure uniquely and we employ uniqueness. This includes fostering a workplace culture where employees are empowered...
Continue reading...
HOUSTON – If you have had to renew your auto insurance in the last year, you probably received a bill for at least 10% more than what you paid last year for the same or less coverage. Hopefully, you didn’t just pony up the extra cash and renew because there are some “ways 2 save” on car insurance. We are looking into what you need to do. How can I save money on car insurance? Nearly every major car insurance carrier received approval to raise their rates across the board this year. It may feel like you’re being penalized if you haven’t even filed any claims. But with a little homework, you can save some money or at least not have to pay more. You may drive the same car on the same streets,...
Continue reading...
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C). AM Best also has downgraded the FSR to A- (Excellent) from A (Excellent) and the Long-Term ICRs to “a-” (Excellent) from “a” (Excellent) of Kemper Corp.’s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H) (Chicago...
Continue reading...
Top perks High customer satisfaction ratings After surveying over 38,000 auto insurance customers, JD Power awarded Amica Auto Insurance “Highest in Customer Satisfaction Among Auto Insurers in the New England Region” in the JD Power 2021 US Auto Insurance Study. This is the ninth consecutive year Amica has taken the top prize in New England and the 22nd year in a row that JD Power has recognized Amica for highest customer satisfaction with auto insurers. Amica’s score of 867 out of 1,000 was also 39 points higher than the regional average. The study examines customer satisfaction in five factors: billing process and policy information, claims, interaction, policy...
Continue reading...
research Market Intelligence /marketintelligence/en/news-insights/research/us-pc-insurance-market-report-personal-commercial-auto-fortunes-flip content esgSubNav US Property...
Continue reading...
HONG KONG--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of DB Insurance Co., Limited (DBI) (South Korea). The outlook of these Credit Ratings (ratings) is positive. The ratings reflect DBI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management. DBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), backed by solid growth of its capital base through a strong earnings stream without support from other...
Continue reading...
If you’ve ever found yourself searching online for the best rates on insurance, then it’s likely you may have come across Otto Insurance. Otto and their adorable otter mascot offer to help you find cheap coverage within seconds, but can these claims be trusted? The Otto Insurance reviews on the company’s own website paint the service as an insurance shopper’s dream. But dig a little deeper and you’ll soon discover a very different picture. Let’s take a closer look at the truth behind all those glowing Otto Insurance reviews to find out what exactly the company offers and whether or not it's worth using. What Insurance Plans Does Otto Offer? Many customers have found themselves a bit...
Continue reading...
Geico Insurance Review About Geico Parent company: Berkshire Hathaway States available: All states AM Best financial strength rating: A++ Geico has been providing high-quality coverage since 1936 and is now the second-largest insurer in the U.S. The company offers every standard type of car insurance as well as mechanical breakdown insurance and coverage for rideshare drivers. As a national company with an annual revenue in the billions, Geico is well equipped to meet customer claims obligations. Many Geico insurance reviews highlight a positive claims process, with well-trained agents providing prompt and courteous communication. Further, our 2022 car insurance survey which polled 1,000...
Continue reading...
HONG KONG--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Hyundai Marine & Fire Insurance Co., Ltd. (HMF) (South Korea). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect HMF’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. HMF’s risk-adjusted capitalisation is assessed at the very strong level, as measured by Best’s Capital Adequacy Ratio (BCAR), supported by solid profit retention. Despite the recent rise in market interest rates,...
Continue reading...
