FOR INFORMATION CONTACT:
Stacey A. Rebbert
Harford Mutual Insurance Maintains
A.M. Best A (Excellent) Rating for 2016
Bel Air, MD – Harford Mutual Insurance announced that insurance ratings agency A.M. Best Co. has reaffirmed a financial strength rating of A (Excellent) and an Issuer Credit Rating (ICR) “a” with a Stable outlook for 2016. “Maintaining an A (Excellent) rating during a challenging economic, insurance marketplace and investment climate is a positive accomplishment and critical to our agency partners and policyholders,” said Steve Linkous, President/CEO. Linkous credits the positive rating factors as a result of management’s initiated focus on underwriting discipline, loss control, price monitoring, risk aggregation, reserving methodology, internal controls and technology to better service agents and customers. Harford Mutual’s subsidiary, Firstline National Insurance Company, also retained the same ratings.
Harford Mutual Insurance Company, founded in 1842 in Harford County, Maryland, provides commercial property and casualty insurance products and services to a regional market. The company ended 2015 with over $170 million in direct written premium sold through nearly 500 independent agents in Delaware, Maryland, New Jersey, Pennsylvania, North Carolina, Tennessee, Virginia, and Washington DC. Harford Mutual is rated A (Excellent) by A.M. Best, the leading credit rating organization dedicated to serving the global insurance industry. For more information, visit www.HarfordMutual.com.
A.M. Best was founded in 1899 by Alfred M. Best with the mission to report on the financial stability of insurers and the insurance industry. It is the oldest and most widely recognized provider of ratings, financial data and news with an exclusive insurance industry focus. Best’s Credit Ratings are recognized as a benchmark for assessing a rated organization’s financial strength as well as the credit quality of its obligations.