Amica rated “superior” by A.M. Best, leading insurance industry analyst
LINCOLN, RI – Amica Insurance has again been rated A++ (Superior) by A.M. Best Co., the nation’s leading authority on the financial stability of insurance companies.
“Amica is proud to consistently rank among the top insurance companies in the country in terms of financial stability,” said Robert DiMuccio, president, chairman and CEO of Amica Insurance. “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.”
A.M. Best also reaffirmed Amica Life’s A+ rating. Both A++ and A+ ratings are listed in A.M. Best’s highest (Superior) category.
“The superior ratings for both the Amica Mutual Insurance Company and the Amica Life Insurance Company reflect a combination of outstanding capitalization, solid operating performance and a well-established market position,” DiMuccio said.
He also credited Amica’s more than 3,100 employees for their efforts in handling the record number of claims filed last year. “Our employees worked particularly hard to maintain this critical measure of our financial stability,” DiMuccio said. “Let’s hope Mother Nature is much kinder this year.”
Founded in 1899, A.M. Best is the world's oldest and most authoritative insurance rating and information source. For the latest ratings, access www.ambest.com.
Amica Mutual Insurance Company, the nation's oldest mutual insurer of automobiles, was founded in 1907. The company, with corporate headquarters in Lincoln, RI, is a national writer of automobile, homeowners, marine and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary. Amica employs more than 3,100 people in 40 offices across the country.
CONTACT:Vince Burks, Corporate Communications, 50 Amica Way,
Lincoln, RI 02865-1155, 800-652-6422, ext. 24563
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