July 18, 2023
Accident Fund Holdings’ A- (Excellent) Financial Rating Affirmed by A.M. Best
Lansing, Mich. – A.M. Best announced today it has affirmed the financial rating of Accident Fund Holdings, Inc. (AFHI), as A- (Excellent) with a stable outlook. A global credit rating agency, A.M. Best provides news, credit ratings and financial data products and services for the insurance industry.
“Solid financial strength and top-tier service continue to be the focus of Accident Fund Holdings,” said Liz Haar, president and CEO of Accident Fund Holdings, Inc. “We are committed to providing superior workers’ compensation products and services to our agent partners and policyholders throughout the country. This announcement reflects A.M. Best’s recognition of our efforts and performance. Our success has been made possible through the ongoing commitment to excellence of our employees and agent partners.”
In a statement announcing the reaffirmed financial rating, A.M. Best noted, “…the ratings reflect the group’s solid risk-adjusted capitalization and improved underwriting performance.” Among other attributes, A.M. Best credited the A- (Excellent) rating to Accident Fund’s expertise within the workers’ compensation marketplace and its utilization of sophisticated predictive analytic modeling tools and medical cost containment practices and initiatives.
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