Workers Compensation Fund Confirms A.M. Best Rating
A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)’s A-minus (Excellent) rating.
According to A.M. Best, WCF’s A-minus rating reflects the mutual insurance company’s excellent financial strength, strong reserve practices and dominant market position. It also acknowledges WCF’s unparalleled local presence and excellent reputation for a customer service.
“Having received this rating for six consecutive years, demonstrates WCF’s long-term ability and commitment to meet our obligations to our policyholders,” said Lane Summerhays, WCF president and CEO. “We are pleased to offer our customers the reassurance this rating provides, especially considering the economic trials and financial instability many other insurers face.”
- Survey: Majority of P/C Insurance Decision makers Say Industry Will Be Powered by AI in Future
- McKinsey in Talks to Pay More Than $600M to Resolve Probe, Sources Say
- Insurer, Contractors Allege Staged Injury Claims Scheme Under New York Scaffold Law
- Changing the Focus of Claims, Data When Talking About Nuclear Verdicts