Updated November 26 at 12:26pm

Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  


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


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.


No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News