LANSING, Mich., Dec. 22, 2015 /PRNewswire/ -- A.M. Best announced today it has affirmed the financial rating of Accident Fund Holdings, Inc. (AFHI), as A- (Excellent) with a stable outlook. A global credit rating agency, A.M. Best provides news, credit ratings and financial data products and services for the insurance industry.
"Solid financial strength and top-tier service continue to be the focus of Accident Fund Holdings," said Liz Haar, president and CEO of Accident Fund Holdings, Inc. "We are committed to providing superior workers' compensation products and services to our agent partners and policyholders throughout the country. This announcement reflects A.M. Best's recognition of our efforts and performance. Our success has been made possible through the ongoing commitment to excellence of our employees and agent partners."
In a statement announcing the reaffirmed financial rating, A.M. Best noted, "…the ratings reflect the group's solid risk-adjusted capitalization and improved underwriting performance." Among other attributes, A.M. Best credited the A- (Excellent) rating to Accident Fund's expertise within the workers' compensation marketplace and its utilization of sophisticated predictive analytic modeling tools and medical cost containment practices and initiatives.
About Accident Fund Holdings, Inc.
Accident Fund Holdings, Inc. (Lansing, Mich.) and its subsidiaries are one of the largest workers' compensation insurers and the largest non-governmental specialty writer of workers' compensation insurance in the United States. Accident Fund Holdings conducts business through its four brands: Accident Fund, United Heartland, CompWest and Third Coast Underwriters. Accident Fund Holdings' insurance company subsidiaries are rated "A-" (Excellent) by A.M. Best.
A.M. Best Company
A.M. Best Company is a global credit rating agency with a unique focus on the insurance industry. Insurance professionals, brokers, regulators and consumers refer to Best's Credit Ratings as an opinion of the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
SOURCE Accident Fund Holdings, Inc.