A.M. Best Reaffirms “Excellent” Rating
As a result of their annual evaluation, we are very proud to announce the A.M. Best Company has once again reaffirmed our and our parent company’s, Utica Mutual Insurance Company, rating of “A-” or “Excellent” with a “Stable” outlook. The rating is based on a comprehensive evaluation of our balance sheet strength, operating performance and business profile. An “A-” or “Excellent” rating is assigned to companies that have, in A.M. Best’s opinion, an excellent ability to meet their ongoing insurance obligations. Founders Insurance Company has consistently maintained this rating since May 27, 1993.
A.M. Best is a worldwide insurance rating and information agency with more than 100 years of history. It is the largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations.
ABOUT FOUNDERS INSURANCE COMPANY
Founded in 1901, Founders Insurance Company has evolved into a multi-line, multi-state specialty carrier, serving the insurance needs of independent insurance agents and their customers for over 100 years. Founders specializes in writing non-standard personal automobile coverages, liquor liability and general liability coverages, and some other commercial coverages. The company employs approximately 200 people and generates its business through approximately 350 independent agencies.
ABOUT UTICA NATIONAL
The Utica National Insurance Group traces its beginning to 1914, when its principal company, Utica Mutual, was founded as a workers compensation carrier. Headquartered in New Hartford, New York, Utica National today consists of 19 companies. Utica National is among the top 100 property/casualty insurance organizations in the country and among the largest headquartered in New York State. Utica sells its insurance policies through a distribution network of approximately 1,500 independent agents and brokers, and its products include a wide range of commercial coverages, as well as home and auto insurance. In addition, Utica is a nationally recognized insurer for various specialized markets, including the graphic arts trades, schools, libraries, religious institutions and volunteer fire departments, as well as errors and omissions coverage for insurance agents, and more. Utica National employs approximately 1,500 people nationwide. The Utica companies are rated “A-” or “Excellent” by A.M. Best.”