Published:
AMERISAFE Receives Financial Size Category Increase From A.M. Best
DERIDDER, La., Sept. 5 /PRNewswire-FirstCall/ -- AMERISAFE, Inc.
(Nasdaq: AMSF), a specialty writer of high hazard workers' compensation
insurance, today announced that A.M. Best Co. has increased the Financial Size
Category (FSC) of the Company to IX, which designates companies whose adjusted
policyholder surplus totals between $250 million and $500 million. AMERISAFE
was previously in FSC VIII, which designates companies with an adjusted
policyholder surplus between $100 million and $250 million. The FSC increase
applies to AMERISAFE and its wholly owned insurance subsidiaries: American
Interstate Insurance Company, Silver Oak Casualty, Inc. and American
Interstate Insurance Company ofTexas.
AMERISAFE's CEO and President, Allen Bradley, stated, "We are pleased to
have achieved a new milestone in the growth of AMERISAFE. We have worked
diligently to grow and strengthen our balance sheet. This new designation
will enhance our competitive position in our existing markets and provide us
with opportunities to participate in new markets."
AMERISAFE's Financial Strength Rating (FSR) remains at "A-" (Excellent)
with a stable outlook. A.M. Best ratings are directed toward the concerns of
policyholders and insurance agencies and are not intended for the protection
of investors or as a recommendation to buy, hold or sell securities.
AMERISAFE, Inc. is a specialty provider of workers' compensation insurance
focused on small to mid-sized employers engaged in hazardous industries,
principally construction, trucking, logging, agriculture, oil and gas,
maritime and sawmills. AMERISAFE actively markets workers' compensation
insurance in 30 states and theDistrict of Columbia. The Company's financial
strength rating is "A-" (Excellent) by A.M. Best.
Contacts: Geoff Banta, EVP & CFO
AMERISAFE, Inc.
337-463-9052
Ken Dennard, Managing Partner
Karen Roan, Sr.VP
DRG&E / 713-529-6600
SOURCE AMERISAFE, Inc.
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
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