INSURANCE

Amica lands ‘superior’ rating from A.M. Best

A.M. Best Co. has issued an A++, Superior rating to Amica Insurance.
Posted 1/30/13

LINCOLN – The Amica Mutual Insurance Co. earned an A++, Superior rating by insurance industry analyst A.M. Best Co.

According to an Amica release, A.M. Best is considered the leading authority on the financial stability of insurance companies in the United States.

“Amica is proud to consistently rank among the top insurance companies in the country in terms of financial stability,” Robert DiMuccio, president, chairman and CEO of Amica Insurance, said in prepared remarks. “This rating demonstrates our solid operating performance and ability to assist our policyholders, despite a record number of severe weather events across the country last year.”

The release added that A.M. Best also reaffirmed Amica Life’s A+ rating. Both A++ and A+ ratings are listed in A.M. Best’s “Superior” category.

“The superior ratings for both the Amica Mutual Insurance Co. and the Amica Life Insurance Co. reflect a combination of outstanding capitalization, solid operating performance and a well-established market position,” DiMuccio said.

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