ChiroFutures Malpractice Insurance Program Announces that A.M. Best Affirms the Ratings of its Underwriter
Kennesaw, Georgia (PRWEB) May 01, 2014 -- ChiroFutures Malpractice & Risk Management Program is pleased to announce that the A.M. Best financial ratings for their underwriter has been affirmed. As stated by A.M. Best Co. in their press release of December 13, 2013:
“A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Berkley Insurance Company (BIC) (Wilmington, DE) and 24 of its reinsured subsidiaries and affiliates, collectively referred to as W. R. Berkley Insurance Group.
Concurrently, A.M. Best has affirmed the ICR of “a-” and debt ratings of “a-” on senior unsecured notes and “bbb” on trust preferred securities issued by W.R. Berkley Corporation (W. R. Berkley) (Greenwich, CT) [NYSE: WRB]. The outlook for all ratings is stable. (See link below for a detailed list of the companies and ratings.)
The rating affirmations of the members of W. R. Berkley Insurance Group follow W. R. Berkley’s third quarter earnings release and reflect its historically favorable underwriting and operating performance, well-established market profile and solid risk-adjusted capitalization. Positive operating cash flow, good liquidity, considerable business diversification, in addition to better than average catastrophe exposure, were notable rating considerations as well. A.M. Best believes the organization’s favorable performance is largely owed to successfully executed, well-developed business strategies, which feature individual operating units focused on specific niche markets, primarily defined by geography, product orientation and distribution channel.”
ChiroFutures Co-Founder Dr. Matthew McCoy said “We are pleased with the continuing support of our Underwriter with its quality, stability and superior financial strength.”
For more information on ChiroFutures, please visit http://www.chirofutures.org .
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, click here http://www.wrberkley.com/Licensing/License.htm
Teresa K Quale CPCU, CIC Executive Director, ChiroFutures/ Sonoran National Insurance Group, http://www.chirofutures.org, 480-538-7173, [email protected]
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