Last week, Association member Brickstreet Insurance received notification that the company has earned a rating of A- from A.M. Best Company.
A.M. Best is a full-service credit rating organization, which serves the financial services industry and focuses on the insurance sector. Policyholders and depositors refer to the organization’s ratings and analyses to help assess the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
According to BrickStreet President and CEO Greg Burton, A.M. Best cited the company’s robust surplus, reserving methodology, investment strategy, loss control policies and procedures as key features that made the A- rating possible. BrickStreet’s rating places the company among the most financially-secure insurance providers in the nation and indicates it has excellent ability to meet its ongoing insurance obligations.