Accident Fund Holdings “A-” Excellent Financial Rating Affirmed by A.M. Best
Lansing, Mich. – The global credit rating agency, A.M. Best, announced today it has affirmed the financial rating of Accident Fund Holdings, Inc. (AFHI), as A- (Excellent) with a stable outlook.
“Accident Fund Holdings continues to be financially strong and focused on providing superior products and services to our agent partners and policyholders in Michigan and throughout the country,” said Liz Haar, president and CEO, Accident Fund Holdings, Inc. “This announcement reflects A.M. Best’s recognition of our effective business strategies and focus on providing superior products and services to the marketplace. 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 acknowledge the group’s growing use of sophisticated predictive analytic modeling tools and medical cost containment practices and initiatives.” Among other attributes, A.M. Best credited the A- (Excellent) rating to Accident Fund’s solid risk-adjusted capitalization and expertise within the workers’ compensation marketplace.
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.