ICW Group’s Financial Strength Rating Reaffirmed
SAN DIEGO, California – September 22, 2010 – This month, ICW Group received recognition of their financial strength and stability, with an A- (Excellent) rating from A.M. Best. This marks the second decade that ICW Group has earned this rating and places the company among the top performing property-casualty insurance carriers in the United States.
The rating process by A.M. Best is a comprehensive quantitative and qualitative analysis of a company’s balance sheet strength, operating performance and business profile. An A- rating is assigned to companies that in A.M. Best’s opinion have “an excellent ability to meet their ongoing insurance obligations.”
“Our A.M. Best rating continues to demonstrate the financial strength and stability of our company,” said Kevin Prior, president and CEO of ICW Group. “This rating continues to be an important and significant accomplishment for the Company, especially in light of the challenging marketplace environment. Our customers can continue to have confidence that we remain as strong as ever in being able to offer quality products, services and support.”
View ICW Group at A.M. Best.
About Explorer Insurance Company
Explorer Insurance Company offers private passenger and commercial auto insurance in California, exclusively through independent agents and brokers. Explorer is a member company of ICW Group, a group of multi-line property and casualty insurance carriers that provide workers’ compensation, earthquake and personal and business auto insurance. Explorer is headquartered in Santa Clarita, California. Explorer continues to transform itself into an insurance industry leader dedicated to meeting the needs of its agents and brokers and the people and companies they serve. More information is available at www.explorer-insurance.com.
About ICW Group
Privately held ICW Group represents a group of multi-line property and casualty insurance carriers providing workers’ compensation, earthquake and personal and business auto insurance. Its member companies consist of Insurance Company of the West, Explorer Insurance Company and Independence Casualty and Surety. Based in San Diego, ICW Group continues to transform itself into an insurance industry leader dedicated to meeting the needs of its Agents and the people and companies they insure. More information is available at www.icwgroup.com.