MEMIC's Financial Strength Rating Affirmed by A.M. Best

A.M. Best has affirmed its financial strength rating of “A,” or excellent, for workers’ compensation insurer The MEMIC Group, which includes Maine Employers’ Mutual Insurance Co., MEMIC Indemnity Co. and MEMIC Casualty Co. In its annual review, A.M. Best acknowledged MEMIC Group’s strong balance sheet, including risk-adjusted capitalization and favorable loss reserve development over the past 10 years. A.M. Best also noted the company’s focus on workplace safety, history of policyholder dividends, dominant Maine market share and its growing diversification ...